The Telecom Commission on 2nd June 2013 has taken the drastic and dangerous decision of increasing the FDI in Telecom to 100% from the present 74%. MNCs and the India private telecom companies have been continuously pressurising the government for such a decision. Even with 74%, the control will go to the foreign shares and now any Indian companies can be fully owned by the foreign companies.
Not only this is going to be a serious security concern, but also may adversely affect the Indian companies who will be compelled to adopt for FDI to face competition. It will adversely affect the growth of the two telecom PSUs, BSNL and MTNL. What happened to the other countries who depended upon full FDI is to be studied further.
The Forum of BSNL Unions/Associations have to take up the matter seriously with the government and demand not to increase the already high FDI in telecom sector.