Telecom sector attracted $12,400 million FDI in 11 years
New Delhi: The cumulative foreign direct investment in the country's telecom sector over period of around 11 years crossed USD 12,400 million in September 2011, an annual report of Department of Telecom released on Wednesday said.
"Today, telecom is the third major sector attracting FDI inflows after services and computer software sector... Actual FDI in the telecom sector from April 2000 to September 2011 is USD 12,456 in million," the report said.
The government allows 74 percent FDI in companies providing telecom services except for providing infrastructure, e-mail, voice mail service and manufacturing of telecom equipments, where 100 percent FDI is allowed.
By the end of financial year 2011, cumulative FDI in the country stood at USD 10,555 million, which 18.27 percent more compared to USD 8,924 million in March 2010.