Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA

MINISTRY OF COMMUNICATIONS

DEPARTMENT OF TELECOMMUNICATIONS

RAJYA SABHA

QUESTION NO. 3659

ANSWERED ON 25TH JULY 2019

Foreign Direct Investment in Telecom Sector

 

  1. SHRI RAJEEV CHANDRASEKHAR:

 

Will the Minister of COMMUNICATIONS be pleased to state:

 

(a)The details of Foreign Direct Investment (FDI) in telecom sector during each of the last three years and the current year;

 

(b)Whether the new telecom policy envisages FDI in telecom sector to reach USD hundred billion by 2022 and if so, the details thereof and the steps taken by Government in this regard; and

 

(c)Whether massive investment is needed in developing newer technologies which are accessible to the people at affordable rates and if so, the details thereof?

 

ANSWER

MINISTER OF COMMUNICATIONS, LAW & JUSTICE AND ELECTRONICS AND INFORMATION TECHNOLOGY

(SHRI RAVI SHANKAR PRASAD)

 

(a)Foreign Direct Investment in Telecom Sector during each of the last five years and the current year are as per the table below:

 

FDI Equity Inflow in Telecom Sector

(April 2014 to April 2019)

 

S.No. Financial Year FDI Equity Inflow (In US$ million)
1. 2014-15 2894.94
2. 2015-16 1234.40
3. 2016-17 5563.69
4. 2017-18 6211.84
5. 2018-19 2667.91
6. 2019-20 (Up to April 2019) 88.70
  Total 18751.48

 

(b)and (c)The National Digital Communications Policy, 2018 has been notified on 22nd October, 2018 with a vision to support India’s transition into a digitally empowered economy and society by fulfilling the information and communication needs of the citizens and enterprises by establishment of a ubiquitous, resilient and affordable Digital Communication Infrastructure and Services with one of the goals to attract investments of USD 100 Billion in the Digital Communications Sector.

 

 

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