In as surprising move TRAI has recently recommended to reduce the FDI investment limit in Telecom Tower business. It sound ridiculous at a time when Government want to get more FDI and has been planning to hike the FDI cap. Be it Insurance, be it Retail Government has been progressively increasing the FDI limit. So many Companies are already operating in India under the 100% FDI model and for them these guidelines will be big setback as they have to dilute the share holding in favor of some Indian Company / Public. At present in the Telecom Industry maximum FDI cap is 74% but Government has allowed 100% in Tower Business.
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