'Allow foreigners to hold key positions in telcos'
Head of country's leading telecom service company Bharti Airtel, Sunil Mittal, on Friday pitched hard for allowing foreign nationals holding key positions in telecom companies saying there should not be different rules for companies with or without FDI.
"I feel there should be no differential treatment (one rule for companies with FDI another for without FDI. Foreigners must be and should be allowed to take key positions and Indian companies are strong enough to take care of security.
Today when we have Arun Sareen leading Vodafone and Sanjeev Ahuja leading Orange worldwide and many other illustrious Indians are there as CIOs and CTOs, I don't think we need to go a step back," Mittal told media while replying to a query on the issue
He supported the proposal that Ministry of Home clears such cases. Today foreign pilots coming to the country are cleared, foreign nationals in other areas of industry are cleared. Similarly in telecom, any foreigner coming in should be cleared.
Mittal was critical of any different rules applicable to companies with or without FDI. Current FDI in telecom guidelines bars companies to have foreign CEOs, CFOs. But Tata Teleservices which do not have FDI has a foreign CEO Darryl Green.
"If you allow foreigners in a company which do not have foreign investment, I think it is making a mockery of the whole thing. Because you can not say that the investment through Vodafone and SingTel is at a discount and, therefore, needs to be penalised," he said.
Enter your email to get our daily newsletter in your inbox
- A candidate questioned by MPPEB allowed a tainted company to conduct the exam. The same company was blacklisted by UP after a question paper of recruitment exam for sub-inspectors got leaked in 2017, he alleged.
- Justice Gautam Patel on Tuesday heard a defamation suit filed by model and actor Sakshi Malik against Venkateshwara Creations Pvt Ltd for allegedly using her photograph without permission in their movie.
- With today’s vaccination, the President joins the ranks of statesmen and politicians who have gotten vaccinated since the second phase of vaccination started on March 1.
- The Chief Minister appealed to all eligible people to come forward and get themselves vaccinated.
- The amendment also empowers the Central government to auction mines, which the states have failed to auction. Of the 143 such mines listed for auctioning, states have auctioned only 7 since 2015, the amendment said.
- Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.