Though an international arbitration panel sided with Docomo in June, the years-long dispute has since moved to courtrooms in London and New Delhi. “If Docomo loses the case, risk-averse companies may stay away from India.”Tokyo-based Docomo spokesman Yousuke Oowada declined to comment, as did Tata. Foreign direct investment into India climbed 23% to $55 billion in the 12 months through March 2016, according to government data. The feud traces its roots back to 2009, when Docomo agreed to buy shares in Tata Teleservices from Mumbai-based Tata Sons Ltd. to enter the fast-growing Indian phone market. Tata Teleservices, the nation’s seventh-largest operator, has accumulated more than 300 billion rupees in losses, according to company data accessed from India’s Ministry of Corporate Affairs.

Source: Mint September 15, 2016 09:00 UTC