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Policy & Regulation
100% FDI in telecom not possible before 2G auction: Telecom Secretary
TT Correspondent |  |  05 Oct 2012

Telecom Secretary R Chandrashekhar on Thursday said 100 per cent foreign direct investment (FDI) as recommended by Parekh Panel in telecom would not be possible before the 2G auction, reports Business Standard.

The auction for 2G spectrum is scheduled to begin November.

A high-level committee, headed by HDFC Chairman Deepak Parekh, has recommended increase in Foreign Direct Investment, or FDI, in telecom sector from 74% to 100%.

The report stressed on the issues and policies related to allocation, pricing and sharing of spectrum in telecom sector and observed that they must be resolved soon.
The panel also suggested that impediments such as delays in land acquisition and environmental clearances, taxation/GAAR-related issues and regulatory uncertainties need to be addressed urgently.

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05 Oct 2012(IST)  
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