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Construction : Telecom | December 2016 | Source : Infrastructure Today

Indian telecom sector got $10 bn FDI in eight months of 2016-17

The Indian telecom sector has received foreign direct investment (FDI) of $10 billion in the first eight months of the current fiscal, Telecom Secretary J.S. Deepak has said. ´The telecom sector reforms have got a resounding acknowledgement. The FDI which was $1.3 billion in 2014-15, $2.9 billion in 2015-16 has jumped up to more than $10 billion in the first eight months of 2016-17,´ Deepak said. He was addressing the 12th National Summit e-Governance and Digital India organised by Assocham.

Talking about Unstructured Supplementary Service Data (USSD)-based mobile banking transactions, Deepak said: ´There is not only a need to popularise USSD, but there is a need to simplify it. We need to work on a push USSD rather than a pull USSD.´

 
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