Telecom gear may draw in $50-billion foreign investment

Telecom gear may draw in $50-billion foreign investment KOLKATA: The sharp cut in corporate tax and lower rate for new domestic units can help attract a whopping $50 billion (about ₹3.5 lakh crore) of foreign investment into telecom gear manufacturing, said sector experts.

Lower corporate tax for greenfield units, they said, could give India an edge over Vietnam and Malaysia in attracting top dollars into local gear production.