In the telecom industry, the government has said that the companies of those countries will not be allowed to do business in India, except for those who do not open the market for Indian companies. At the same time, this decision has come under the Government Purchase Order, 2017. Along with this, 'Make in India' can be encouraged by promoting local manufacturers. The telecom equipment market is quite large. This includes the purchase and purchase of equipment connected to Wi-Fi, fixed lines, cellular networks, and 5G services. Along with this, the Department of Telecommunications has issued a notice to all government departments about this.
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According to the notice, no foreign government which does not give the opportunity to Indian telecom vendors to compete in its market, can not get any kind of deal with its telecom vendors. If the nodal agency finds that Indian companies have not been given a place in the procurement process by a country, it can either bid out or disqualify its companies. Along with this, the Department of Telecommunications functions as the nodal agency in the case of telecom equipment. Sunil Mittal, chairman of leading telecom company Bharti Airtel, has described AGR as an unprecedented crisis for the telecom sector. Along with this, according to the IANS report, Mittal met Union Telecom Minister Ravi Shankar Prasad on Thursday and requested for tax exemption for the sector.
Know these 5 rules on PPF deposits Telecom companies have been demanding tax exemption for a long time. In such a situation, the most affected Vodafone Idea has demanded a bailout package. At the moment, the government has very limited options in this matter. At the same time, some reduction in spectrum fee and license fee can be done. Apart from this, some reduction in interest and fine is also possible. Sources say that the government is also trying to balance in this matter. At the moment, there is no direct indication from the government. It is being told that Airtel owes Rs 35,500 crore under the AGR. Out of this, she has already given 10,000 crores. The company has said that it will pay the remaining balance before the next hearing of the Supreme Court.
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