Didn’t appreciate Vodafone Group threat to quit India: Ravi Shankar Prasad

MUMBAI: Telecom minister Ravi Shankar Prasad said that he didn’t appreciate Vodafone Group’s comments about pulling out from India unless given relief on adjusted gross revenue (AGR) dues, saying no one can ‘dictate terms’ to India.

“I don’t appreciate this kind of statement. Very firmly and very clearly. We have given all the opening for doing business but no one should dictate terms on us. India is a sovereign country…,” said Prasad at the Times Network India Economic Conclave 2019 on Monday.

In November, Vodafone Group’s CEO Nick Read had highlighted the stress in the sector post Supreme Court’s verdict on AGR dues and said that the UK arm will not infuse any further equity and may eject without relief.