Review of Foreign Direct Investment (FDI) Policy on Telecom Sector

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....of India has reviewed the extant FDI policy on Telecom sector and has made the following amendment under the Consolidated FDI Policy Circular of 2020, as amended from time to time (FDI Policy): Para 5.2.14 of the FDI Policy is amended to be read as under: 5.2.14 TELECOM SERVICES Sector/Activity % of Equity/ FDI Cap Entry Route 5.2.14.1 Telecom Services (including Telecom Infrastructure P....

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....Telecommunications from time to time, shall be observed by licensee/entities providing services as referred in Para 5.2.14.1 above, as well as investors. 2. It is clarified that notwithstanding the provisions of Para 5.2.14 of the FDI Policy as amended above, foreign investment in Telecom Services will be subject to the provisions of Para 3.1.1 of the FDI Policy [as amended vide Press Note 3 (202....