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合并——MERGERS

Demand for new spectrum as the industry grows and the fact the spectrum allocation in done on the basis of number of subscribers will force companies to merge so as to claim large number of subscribers to gain more spectrum as a precursor to the launch of larger and expanded services. However it must also be noted that this may very well never happen on account of low telecom penetration.

Foreign Direct Investment in the Telecommunication Industry of India

介绍：——Introduction:

Inflow of capital from abroad in the form of private investment is essential for the growth of a developing economy. Foreign investment has beneficial effects in terms of encouragement to the development of technology, managerial expertise, exports and higher growth. Foreign investment can take the form of Foreign Direct Investment (FDI). The World Trade Organization defines FDI as: 'FDI occurs when an investor based in one country acquires an asset in another country with the intent to manage the asset. The management dimension is what distinguishes FDI from portfolio investment in foreign stock, bonds and other financial instruments,' There are three main categories of FDI namely
1.Equity Capital
2.Reinvested earnings
3.Other Capital. FDI can be classified into

Government is, therefore, making all efforts to attract and facilitate FDI and investment from Non Resident (NRIs) including Overseas Corporate Bodies to complement and supplement domestic investment. To make the investment in India attractive, investment and returns on them are freely repairable, except where the approval is subject to specific conditions. FDI is freely allowed in all sectors including the services sector, except a few sectors where the existing and notified sectoral policy does not permit FDI beyond a ceiling. FDI for virtually all items\activities can be brought in through the Automatic Route under powers delegated to the Reserve Bank of India (RBI), and for the remaining items\activities through Government approval. Government approvals are accorded on the recommendation of the Foreign Investment Promotion Board (FIPB).

目的——Objective

The objectives of this study are as follows:
1.To provide a conceptual explanation of FDI.
2.To provide a comprehensive view of FDI in the Telecommunication Industry of India.
3.To study the trends of inflow of FDI in the Telecommunication Industry of Maharashtra and other state.
4.To suggest measures to increase the inflow of FDI in the Telecommunication Industry of India.

方法论——Methodology

This study is essentially an interpretation of secondary data on FDI in Telecommunication Industry in India. The data was collected from, Directorate of Industries, Government of Maharashtra, Ministry of Commerce & Industry, Government of India, RBI Bulletin Economic Survey of India and various websites.

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