Print
XClose
Press Information Bureau
Government of India
Ministry of Communications
14-December-2011 13:42 IST
Telecom Finance Corporation
The Government proposes to set up Telecom Finance Corporation to meet the financial requirements of telecom sector. The working group on the telecom sector for the 12th Five Year Plan (2012-17) has recommended that Telecom Finance Corporation may be created as a vehicle to access funds at competitive rates to facilitate the funding needs of the telecom sector, in case of a requirement. Also, draft New Telecom Policy 2011 has envisaged creation of a Telecom Finance Corporation as a vehicle to mobilize and channelize financing for telecom projects. The above recommendation, of the working group of the telecom sector for the 12th Five Year Plan is under consideration of the government This information was given by Shri Milind Deora, the Minister of State for Communications and Information Technology in Lok Sabha today in a written reply.

The reply further stated that the working group on telecom sector for the 12th Five Year Plan as well as draft New Telecom Policy 2011 have recommended to declare telecom sector is infrastructure sector (both wireless and wireline). It has also been proposed to provide all the benefits available to infrastructure sectors to telecom sector also, in order to realize the true potential of Information and Communication Technology (ICT) for development.

AT/ska .