Commerce Minister Shri.Anand Sharma has strongly argued for
100 % FDI in Telecom to attract more foriegn investment.
The privat telecom companies are also in support of increasing
the cap from the 74% to 100%!
Most of the Indian telecom companies,including Bharti Airtel and
Vodafone India have significant foriegn direct investment.
The High Level Committee on Financing infrastructure constituted
by the Cabinet Secretariat is reported to have recommended for
100% FDI.
However the DOT has opposed the move citing national security.
It is the reality that no private company with forien collaboration
can be depended during such emergent situations involving the
the security of the nation.