The telecom ministry is the competent authority to take the final call on Idea Cellular Ltd's proposal for infusing 100 per cent foreign direct investment ( FDI ) in the company, Commerce and Industry Minister Suresh Prabhu has said.The Department of Telecom (DoT) has put some condition while seeking views of the Department of Industrial Policy and Promotion (DIPP) on the proposal. "The matter is completely in the domain of the line ministry. We have already clarified. No need of our approval," Prabhu told PTI In an interview.It was communicated to DoT that they are the competent authority to deal with the proposal, he said. "We have sent back (the proposal) immediately.

Source: Economic Times May 06, 2018 04:41 UTC