Briefs: India's foreign telecom investment grows

December 9, 2005

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: India calls for new telecom players

Related Stories

India calls for new telecom players

November 30, 2005

In yet another step to woo foreign investors and new players to its burgeoning telecom sector, India has decided to open up the latest mobile rage of 3G services only to new telecom players that have not started operations ...

Spectrum woes plague India's cell phones

January 9, 2006

India may be one of the world's biggest telecom success stories, but when it comes to quality of service, its mobile-telephony sector portrays a gloomy picture. Despite billions of dollars of investments over the past decade, ...

India's telecom sees more liberalization

November 11, 2005

In a fresh dose of liberalization, India yesterday announced a slew of relaxations in its telecom rules, which not only allows more players -- both local and foreign -- to enter the country's burgeoning telecom sector, but ...

Rising salary may blunt India's BPO edge

March 17, 2006

Despite the fact that with an expected growth of nearly 28 percent in the financial year 2005-06, scorching growth continues to be the trend this year too, India's money spinning IT-ITeS industry that earns about $36 billion ...

Recommended for you

CERN collides heavy nuclei at new record high energy

November 25, 2015

The world's most powerful accelerator, the 27 km long Large Hadron Collider (LHC) operating at CERN in Geneva established collisions between lead nuclei, this morning, at the highest energies ever. The LHC has been colliding ...

Study suggests fish can experience 'emotional fever'

November 25, 2015

(—A small team of researchers from the U.K. and Spain has found via lab study that at least one type of fish is capable of experiencing 'emotional fever,' which suggests it may qualify as a sentient being. In their ...

A new form of real gold, almost as light as air

November 25, 2015

Researchers at ETH Zurich have created a new type of foam made of real gold. It is the lightest form ever produced of the precious metal: a thousand times lighter than its conventional form and yet it is nearly impossible ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.