Airtel will continue to invest Rs 20,000-cr despite slowdown: Sunil Mittal

Mittal said he made a request, on behalf of the telecom industry, for Rs 37,000 crore goods and services tax (GST) refund

Despite the slowdown, Sunil Bharti Mittal, chairman of Bharti Airtel, said the company was continuing with its annual target of investing around Rs 20,000 crore in the business.

“We typically invest Rs 20,000 crore in telecom every year, and we will continue to do so,” Mittal said after his two-hour-long meeting with Commerce and Industry Minister Piyush Goyal.

Mittal said he discussed a plethora of issues with Goyal and sought the government's support for faster clearances to streamline the group’s investment plans. “We discussed all group matters, mainly the infrastructure sector — telecom, tower business, solar, and real estate,” Mittal said.

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