Buy custom TO STUDY THE FDI AND IT’S IMPACT ON TELECOMMUNICATION
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1611 |
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In 2001, 100 per cent foreign investments were allowed in several industrial sectors. Also, 100 per cent Foreign Direct Investment is allowed in almost all the infrastructure sectors.
FDI can enter India through two possible channels:
* The automatic route under which companies receiving Foreign Direct Investment need to inform the Reserve Bank of India within 30 days of receipt of funds and issuance of shares to the foreign investor
* For sectors that are not covered under the automatic route, prior approval is needed from the Foreign Investment Promotion Board (FIPB)...
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This move is positive for the sector , as it require investments of Rs 700 –900 million over the next 5 years. FDI inflow by 2004 was 9950.94 cores in telecom. Countries like Europe, Korea, and Japan telecom are likely to enter India, as India is seen as fastest growing telecom market in world.
Actual Inflow of FDI in Telecom Sector from Aug’91 to August ’03
(Sector Wise)
S...
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