Business & Economy

India announces reprieve measures for struggling telecom sector

By Sarwar Kashani |

Srinagar, India, Sep 15 (EFE).- India announced Wednesday an aid package, including a four-year moratorium on radio wave payments and 100 percent foreign direct investment without seeking government approval, to shore up the struggling telecom sector.

The government said the reform measures, approved in a cabinet meeting, would further boost the proliferation and penetration of broadband and telecom connectivity in the country.

“The package is also expected to boost 4G proliferation, infuse liquidity and create an enabling environment for investment in 5G networks,” the telecom ministry said in a statement. EFE

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