The Government of India 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 working group on telecom sector for the 12th Five Year Plan as well as
draft New Telecom Policy 2011 has recommended to declare telecom sector as
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.

By Telecomlead.com Team
[email protected]