 "vodafone")
The Indian government will contest the Vodafone arbitration award, but it will also reach out to international pension and insurance funds keen to invest in the country in order to reassure them, said a top official source.
On Friday, Vodafone International Holdings B.V., the parent company of India’s beleaguered Vodafone Idea, won an award in an international arbitration tribunal in The Hague against tax demands made by India.
The finance ministry is certain that whenever the company approaches an Indian court with a request for the enforcement of the award, it shall be opposed. “Parliament had debated the retrospective tax and passed
