Under the proposed Direct Tax Code, telecom sector does not fall within the purview of the definition of Infrastructure projects.
COAI said the telecom sector is a critical infrastructure for economic growth of the country and has a direct multiplier effect on the GDP. Cellular industry lived up to the requirements & has achieved high telecom penetration at affordable prices.
COAI says, "The task is not completed as yet & significant capital infusion will be required going forward, therefore its required that telecom be classified as Infrastructure & benefits extended to the sector be available to this industry as well."
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