Such a move, Obama argued would attract larger foreign direct investment to the US.
SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
RJio is targeting the existing base of high-value customers.
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.