May 12, 2012 9:12 PM

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India committed to protect foreign investments

India today assured Norway thatforeign investments will be protected. Telecom Minister Kapil Sibal told the Norwegian Trade and Industry Minister, Trond Giske, that New Delhi will make sure that not just Telenor, but all foreign investors have a robust roadmap ahead.Giske is the representative of Norwegian government on the board of Telenor, which holds 67.25 per cent stake in the telecom operator, Uninor. The balance is held by Unitech.Uninor's 22 licences were among the 122 licences cancelled by the Supreme Court on February 2, issued during the tenure of the then telecom minister A Raja. Uninor has permit tooperate till September 7. The Scandinavian nation was saying it apprehends political implications if Telenor suffered losses due to adverse telecom developments in this country.

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