Rising Bharat Summit 2026: Govt Holds 49% In Vodafone Idea, Won't Enter Management In an interview with Nalin Mehta at the Rising Bharat Summit, Jyotiraditya M Scindia said that the government now holds a 49% stake in Vodafone Idea after paying off the Adjusted Gross Revenue (AGR) dues. The minister clarified that despite owning a significant portion of the company, the government has no intention to enter into its management. Scindia explained that the government's primary goal is to ensure that the telecom sector remains competitive and healthy, adding that the state will not dictate how Vodafone Idea operates or makes decisions. He emphasized that the government's role is limited to being a shareholder and providing regulatory oversight. The minister also highlighted the importance of the telecom sector in India's economic growth, stating that it has been instrumental in bridging the digital divide between urban and rural areas. Scindia expressed confidence that Vodafone Idea will continue to play a vital role in this space, especially with its renewed focus on 4G and 5G services. In response to questions about the future of the telecom sector, Scindia predicted that India will see significant growth in the coming years, driven by increasing adoption of digital technologies and the government's efforts to promote digital payments. He also emphasized the need for a level playing field in the sector, ensuring that all players have equal opportunities to compete and grow. The minister concluded by stressing the importance of collaboration between the government, private sector, and civil society to achieve India's development goals.#Vodafone_Idea #Jyotiraditya_M_Scindia #Rising_Bharat_Summit_2026 #Adjusted_Gross_Revenue #AGR_dues #4G #5G
