New telecom policy to promote domestic equipment production

India's new telecoms policy will focus on building access in rural areas and promoting the domestic production of equipment, Telecoms Minister Kapil Sibal said on Monday.

October 10, 2011 / 16:20 IST

India's new telecoms policy will focus on building access in rural areas and promoting the domestic production of equipment, Telecoms Minister Kapil Sibal said on Monday.

India decided to overhaul its decade-old rules for the industry after alleged rigging in the grant of licences in 2007/08 came to light late last year, which the CAG said could have cost the government as much as USD 39 billion in revenue.

first published: Oct 10, 2011 03:55 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347