Telecom sector receives FDI worth $2.47 billion in April-November 2014
January 19, 2015
According to the Department of Industrial Policy and Promotion (DIPP), the telecom sector received the foreign direct investment (FDI) worth $2.47 billion in April-November 2014. The increase in the FDI in the sector assisted an increase of 22 per cent in the total FDI for the economy. The overall FDI grew from $15.45 billion in April-November 2013 to $18.88 billion in April-November 2014.
The cumulative FDI (since April 2000) in the telecom sector increased from $589.30 billion in November 2013 to $814.46 billion in November 2014. Meanwhile, the overall FDI experienced a decline of 6 per cent year on year from $1.63 billion in November 2013 to $1.53 billion for the corresponding month in 2014.
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