Post by Anu on Apr 14, 2011 12:03:35 GMT -5
The Telecom Regulatory Authority of India (TRAI) on Wednesday issued important recommendations related to manufacturing, infrastructure and green telecom to promote structured growth of the sector. It has also proposed investments of over Rs.1-lakh crore for technical upgradation and improvement of manufacturing capabilities of the sector.
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It has also recommended setting up of Telecom Research and Development Corporation (TRDC) at an investment of Rs.15,000 crore, besides establishing a Telecom Research and Development Park with a fund of Rs.5,000 crore for carrying out on-site R&D. It has also recommended setting up of a Telecom Manufacturing Fund (TMF) with an initial amount of Rs.3,000 crore for providing venture capital to Indian product manufacturers in the form of equity and soft-loans.
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It has also recommended setting up of Telecom Research and Development Corporation (TRDC) at an investment of Rs.15,000 crore, besides establishing a Telecom Research and Development Park with a fund of Rs.5,000 crore for carrying out on-site R&D. It has also recommended setting up of a Telecom Manufacturing Fund (TMF) with an initial amount of Rs.3,000 crore for providing venture capital to Indian product manufacturers in the form of equity and soft-loans.
Source:Hindu.com
Do we smell another scam in making .. just kidding.
Call me cynical, but every time I read such investments being recommended or made, I imagine Politicians packing their suitcases with loads of cash and some pennies dribbling down actually to such projects.