Govt yet to receive investment from Telecom FDI proposal

The govt has approved 1 proposal in the telecom sector for which investment has not yet been received. A total of 66 proposals have so far been granted approval by the Government. 193 cases have been rejected or closed or withdrawn.

The value of investments proposed in the aforementioned proposals received by the Government is approximately INR 75,951 Crore.

Approved proposals of other sectors along with total value of investments:

• Computer software & hardware sector has received Rs. 10.68 crore from 3 proposals.
• Electronics sector has received Rs. 1575.79 crore from 8 proposals.
• Machine tools sector has received Rs. 37.80 crore from 1 proposal.
• Information & Broadcasting sector (including print media) has received Rs. 3.00 crore from 1 proposal.

Since 18th April, 2020, 347 FDI proposals have been received by the Government from countries sharing land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country. Communications Today