The government today allowed 100 percent foreign direct investment (FDI) in telecom sector; a key demand of the industry.there is raising of cap from 74 to 100 percent in basic and cellular services. Upto 49 percent remains under automatic route and 49-100 percent through FIPB route, commerce minister Anand Sharma said in a press conference.
In his first-TV interview, Maxis Communications group CEO Sandip Das told CNBC TV18's Siddharth Zarabi that newspaper reports saying that they were exiting India are 'unfortunate.'