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India to Revamp Century-Old Telecom Laws That Bar Digital Dream

  • Minister Vaishnaw aims to present new rules in February
  • Sees new semiconductor plan cutting import dependence by half
Operations at PhonePe as Money Pours into India's Fintech Gold Rush
Photographer: Samyukta Lakshmi/Bloomberg

India aims to overhaul its telecommunications sector, an industry key to the success of Prime Minister Narendra Modi’s digital ambitions but one that’s throttled by century-old policies and years of bitter litigation.

The government is exploring ways to allow companies to merge, expand and operate without multiple bureaucratic approvals so as to avoid subsequent court battles, Telecommunications Minister Ashwini Vaishnaw said in an interview at his office in New Delhi on Thursday. He aims to present new rules in February.