For capacity augmentation and new business initiatives
With 25 per cent of data revenues, Kolkata is one of top data markets for Vodafone India (File Photo)
New Delhi: Vodafone on Friday committed an investment of Rs 13,000 crore (£1.3 billion) for capacity augmentation and new business initiatives in India.
This investment was committed by Vodafone Group Plc CEO Vittorio Colao during a meeting with Prime Minister Narendra Modi in London, said the company in a statement.
Since starting operations in India in 2007, Vodafone has already invested over Rs 1.11 lakh crore and over Rs 1 lakh crore contributed to the exchequer and is today the largest FDI investor in the country.
“At Vodafone, we are enthused with the PM’s vision for ‘Digital India’ and ‘Make in India’. As the co-creator of the telecom ecosystem, a catalyst of the telecom revolution in India and being committed for the long term, we are ideally poised to partner the government of India in fulfilling these important initiatives. We are pleased to announce our enhanced commitment to India through this series of significant further investments,” said Vodafone chief said.
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( Source : deccan chronicle )
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