DPIIT issues press note for 100% FDI in the telecom sector

The Department for Promotion of Industry and Internal Trade (DPIIT), on Wednesday, issued a press note for 100% Foreign Direct Investment (FDI) in the telecommunication sector.

DPIIT, in a press note, said that foreign investment in telecom services will be subject to the condition of Press Note 3 of 2020.

Consequently, cases that need prior government approval under the provisions of Press Note 3 will continue to be in place.


According to the Press Note 3, an body of a country, which shares a land border with India or where the beneficial owner of an investment into India is situated or is a citizen of any such country, can invest only under the government route.

The Central government announced 9 structural reforms that were meant to address some grievances of the telecom sector.

Mid-September, the government announced that the FDI had been increased in the given sector under automatic route from 49% to 100%.