Foreign investment in India's telecom sector will top $2 billion this year, fueled in large part by Vodafone's 10-percent stake in Bharti Tele-Ventures.
A report in the Financial Express this week pegged the total Foreign Direct Investment in the telecom and IT sector at $9 billion.
The manufacturing of telecom networking and handsets contributed to $2.5 billion in FDI, which is described in reports as "much higher" than India's total exports of telecom services and equipment during 2003-2004.
The IT sector benefited from major commitments by chip makers and Cisco Systems to open production facilities and make other investments in the country.
Copyright 2005 by United Press International
Explore further: Hexagonal battery from LG Chem boosts smartwatch wear