Telecom operators have urged the finance minister Nirmala Sitharaman to provide relief to the stressed sector and clear Rs 200 billion outstanding dues from public sector units (PSU).
To this end, Rajan S Mathews, director general, Cellular Operators Association of India (COAI) said, “Finance minister’s announcement is in line with the government’s aim to provide the necessary impetus to economic growth and build a ‘self-reliant’ India. We welcome the announcement of all pending payments within 45 days from public sector enterprises (PSE) to micro, small and medium enterprises (MSME) sector. The telecom industry has unutilised goods and services tax (GST) input tax credit over Rs 350 billon for which the sector has repeatedly demanded refund.”
“Moreover, the total outstanding from PSUs is amounting to approx. Rs 200 billion since long. We hope the Hon’ble finance minister, Smt. Nirmala Sitharaman, in the course of next few announcements would give similar relief to the sector that has immensely contributed to keeping the country connected during last 25 years and has kept one billion people connected during the current lockdown situation,” he added.