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of <h1>India Raises FDI Limit in Telecom Sector to 74%, Extends Compliance Deadline to October 2, 2006.</h1> The Government of India has announced an amendment to increase the Foreign Direct Investment (FDI) ceiling in the telecom sector from 49% to 74%, as initially outlined in Press Note 5 (2005 Series). The original compliance period for telecom companies to adhere to the new conditions was four months, which was previously extended by four months until July 2, 2006. This period has now been further extended by three additional months, allowing telecom service providers until October 2, 2006, to comply with the specified conditions. The amendment is intended to facilitate greater investment and growth in the telecom sector.
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