Govt expects good response to spectrum auction in November
New Delhi: The government on Thursday said it is expecting a good response in the upcoming auction of airwaves as there will be more clarity and transparency for investors with the new Unified Licencing regime being put in place.
"Generally most of the people we have met including foreign investors are quite happy with the new regime and I think we will receive a good response from them in the coming auctions," Minister of State for Communications and IT Milind Deora told reporters on the sidelines of an e-commerce event organised by Assocham.
Spectrum auction is due to start from November 12.
"We are moving toward a more transparent regime with Unified Licencing that has provided complete clarity to current and future investors," Deora said.
The government has already finalised the terms and conditions about entry fee, networth and equity requirements, matters relating to performance bank guarantee and financial bank guarantee for the Unified Licence (UL) that are to be issued to players that win spectrum in the auction.
Deora said the upcoming auction will be open to all players, including incumbent and new operators whose licences have been cancelled by the Supreme Court.
Meanwhile speaking on the e-commerce market in the country, Avantha Group CEO Manoj Malhotra said an increasing number of global companies are now eyeing the market as there is improvement in infrastructure and the economy of India is growing.
"As the world's 11th-largest economy, India is starting to appear on eBusiness organisations? lists of key international markets," he said.
According to an e-commerce study by Assocham and comScore, shoppers in metropolitan India are driving eCommerce in a big way.
"The consumers are primarily buying travel, consumer electronics, and books online," the study said.