The government is hopeful that within three months it will be clear what needs to be done to revive the health of telecom sector in India.
“We have given three months’ times (to the inter-ministerial group). I think within three months, we will get a pretty clear picture of what the industry requires and what the government needs to do. Let this exercise get complete,” telecom secretary Aruna Sundararajan told BTVi in an interview.
The task of the IMG is to examine systemic issues affecting viability and repayment capacity of the telecom sector and furnish recommendations for resolution of stressed assets. It is expected to submit its recommendations within three months.
The group, comprising officials from the finance and telecom ministries, was set up after concerns about the financial stress in the industry.
“Government has already set up an…