The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval to the proposal of M/s. ATC Asia Pacific Pte. Ltd. Singapore for acquisition of 51% of shareholding in M/s. Viom Networks Limited by way of transfer from existing shareholders. The approval would result in a total foreign direct investment inflow of Rs.5,856.51 crore into the telecom infrastructure of the country which will spur economic growth, besides fostering inclusiveness and equity.
- CCEA approves conversion of WCTL into equity of AYCL
- Government achieves the Tax Revenue Targets for FY 2015-16