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In today’s information age, the telecommunication industry has a vital role to play. Considered to be the backbone of industrial and economic development, this industry has been aiding delivery of voice and data services at rapidly increasing speed, and thus, has been revolutionising human communication. Indian telecom industry is one of the fastest-growing industries in the world. Telecommunication services are globally recognised as one of the driving force for overall economic development of the nation. The Government of India recognised this fact and hence, has taken several major initiatives to provide a business friendly environment for companies in this sector.