Information and Technology,Information and Technology sector projects by Government Of India in
Project Information
5079
Government Of India
Government May Initially Infuse Rs 1,000 Crore In The Proposed Telecom Finance Corporation (TFC) To Address Funding Challenges Facing The Sector. The Authorised Capital Is Proposed As Rs 10,000 Crore, Out Of Which The Initial Paid Up Capital Shall Be Rs 1,000 Crore. The Initial Equity Capital Is Proposed To Be Sought Through Budgetary Support. Initially, The Government Of India Will Have 100 Per Cent Shareholding In TFC. TFC Is Proposed To Be Set-Up On The Lines Of Sectoral Finance Bodies Such As Power Finance Corporation And Tourism Finance Corporation Of India. As Per The Plan, TFC Will Be Registered As Non-Banking Financial Corporation And Non Deposit Infrastructure Finance Company. TFC Will Look In To Financing Need In The Sector Mainly Related Spectrum, Network Roll-Out And Telecom Equipment Manufacturing. The Cabinet Has Already Approved The Creation Of TFC Under The National Telecom Policy 2012. It Will Aim At Mobilising And Channelising Funds For Telecom Projects.
Project Value
INR 1000 Crore /-
Pre Project Activities Underway
Not Specified
India
Information and Technology,Information and Technology
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