India Expects Telecom Investment Surge

Feb. 10, 2006
India said Feb. 8 it expected foreign direct investment (FDI) in the telecom sector to more than double this year. Communications and IT Minister Dayanidhi Maran said that liberalization in FDI rules would pay off to the tune of an increase of more than ...

India said Feb. 8 it expected foreign direct investment (FDI) in the telecom sector to more than double this year. Communications and IT Minister Dayanidhi Maran said that liberalization in FDI rules would pay off to the tune of an increase of more than 100% over the $8 billion in investments pledged by foreign companies in 2005.

Maran painted an overall rosy picture of India's IT industry at the opening of a technology conference on Feb. 8. The minister said that anticipated robust growth of the consumer-electronics sector bodes well for the semiconductor and manufacturing sectors and that the government would actively promote continued growth of those industries.

In addition, he said, India would continue to review the Information Technology Act with respect to data protection, computer crime and privacy.

Copyright Agence France-Presse, 2006

Popular Sponsored Recommendations

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!