Indian telecom sector received Rs.48,220 crore FDI

Posted on: November 14, 2011

  • New Delhi, (IANS) India’s telecom sector received foreign direct investment (FDI) of Rs.48,220 crore in the last 11 years – 8 percent of the total FDI the country received.
  • FDI received in telecom sector in India from April 2000 to March 2011 reached to Rs.48,220 crore which amounts 8 percent share in the total FDI of Rs.580,722 crore received in the country,” a telecom ministry document said Tuesday.
  • With 858 million wireless connections, the Indian telecom system has become the second largest wireless network in the world by surpassing the US and only behind China.
  • Over 46 percent of total wireless subscribers in India were capable of accessing wireless internet at the end of March 2011 as against 30.44 percent a year ago.
  • According to the telecom regulator, the broadband subscription reaches 12.50 million in July 2011 from 12.32 million in June 2011.
  • The telecom department targets to have 1,200 million connections by 2017 and around 320 megahertz of additional spectrum to be made available under the 12th Five Year Plan.
  • Earlier this month, the draft of the National Telecom Policy 2011 which will replace the existing policy was also unveiled.
  • The new policy is expected bring cheer to consumers with proposals such as removing roaming charges for subscribers within the country and exponentially increasing broadband availability and speed.

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