Monday, December 21, 1998
Telecom panel eggs Centre to scrap floor on foreign equity
The Industry Group of Telecom, a parallel industry body, has suggested that the government scrap the mandatory requirement of a minimum 10% equity subscription by a foreign partner in basic, cellular, paging and V-Sat services.
Private ports likely to find the going tough
Some time ago, maritime advisor to the World Bank, Hans Peters, speaking at an international seminar in Mumbai said that India did not have the trade volumes to justify investment in a transhipment port. Instead the country's priority should be to make its considerable port capacity more efficient, he felt.
Shift in policies hits fertiliser sector investment
Uncertainty plagued the fertiliser sector during 1998 as delays in decision-making and frequent shifts in policies caused severe shortage besides discouraging fresh investments in this capital-intensive industry.
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