Vodafone to invest heavily in India
New Delhi, Jan 19 (IANS) British telecom giant Vodafone Monday said it will continue to invest heavily in India.
'We see an addition of eight to nine million mobile subscribers here. This means India needs more investment. We will continue to invest more as there are opportunities here,' Vodafone Plc chief executive Vittorio Colao told reporters on the sidelines of a Confederation of Indian Industry conference here.
'We still have four percent stake in Bharti Airtel. One day we (Vodafone and Bharti Group) will discuss what to do with it,' he said, adding: 'To have a discussion on any issue we need to have both the partners.'
Vodafone, which earlier held a 10 percent stake in Bharti Group, had exited it partly, while its indirect stake in the group's mobile arm, Bharti Airtel, remained.
Colao also called for more clarity in India's foreign investment policies across different sectors.
Exuding confidence in India's growth potential, he said India should extend a welcoming hand to foreign investors in order to attract much-needed capital to keep growth on track. According to him, a 'suitably regulated yet liberal policy environment' would be beneficial for India's growth prospects.
Vodafone last year acquired a controlling stake in the Hong Kong-based Hutchison in a $1.2-billion deal to take control of Vodafone Essar - which is the second largest GSM operator in India in terms of subscribers.
Read More: Sunil Bharti Mittal | Delhi | Indian Press | Amrapur Gram Bharti | Srp Group Area Tso Nadiad | Srp Group I | Matri Indian Antartic Station | India Security Press | Bharat Bharti | Survey Of India | State Bank Of India | Indian Institute Of Technology | Indian Research Po | Amtala (mobile) | Indian Nation | Indian School Of Mines | Mon | Air India | Indian Rail | Central Institute of Indian Language | National Democratic Alliance (India) | All India Tennis Association
Giant tornado devastates Oklahoma killing at least 91.
May 21, 2013 at 11:57 AM
Maoists beat woman to death in Jharkhand
May 21, 2013 at 11:48 AM
Is Salman Khan Sonakshi's new painting teacher?
May 21, 2013 at 11:41 AM