Proposed dilution of local content rules may hurt Indian telecom firms, benefit MNCs: GTRI

New Delhi: Major dilutions to local content rules for the telecom sector under the Public Procurement Order could negatively impact Indian firms by giving greater access to multinational corporations (MNCs) in government contracts without manufacturing in India, according to the Global Trade Research Initiative (GTRI).

The GTRI in a note further said that the move will benefit major foreign MNCs active in the Indian telecom component industry.