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Review of Foreign Direct Investment (FDI) Policy on Telecom Sector - FEMA - Press Note No. 4 (2021 Series)

Extract

..... Government of India Ministry of Commerce & Industry Department for Promotion of Industry and Internal Trade FDI Policy Section Press Note No. 4 (2021 Series) Subject: Review of Foreign Direct Investment (FDI) Policy on Telecom Sector. The Government 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 .....

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

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..... censee/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 (2020 Series) dated 17.04.2020]. Accordingly, cases requiring prior Government approval under the provisions of Para 3.1.1 of the FDI Policy, will continue to be on t .....

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