Enhancement of Foreign Direct Investment ceiling from 49% to 74% in Telecom Sector - Amendment to Press Note 5 (2005 Series)

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.... to 74% in Telecom Sector - Amendment to Press Note 5 (2005 Series) The Government, vide Press Note 5 (2005 Series) dated 3.11.2005, had notified the enhancement of Foreign Direct Investment (FDI) limits in the Telecom Sector subject to specified conditions. In terms of para 4 of the said Press Note, an initial correction time of 4 months from the date of issue of the Press Note was allowed to t....