Telecommunications
The Department of Promotion of Industry and Internal Trade (“DPIIT”) vide Press Note 4 of 2021 (“Press Note”) allowed 100% foreign direct investment (“FDI”) in the telecom sector in India through automatic route. The erstwhile legal position was, that FDI in telecom sector was allowed till 49% through automatic route, and for obtaining FDI beyond that limit, approval from Government of India (“GoI”), was required.
