RESTRICTED  WORLD TRADE  
ORGANIZATION  TN/S/O/IND/Rev.1/Corr.2 
10 October 2005 
 (05-4555) 
Council for Trade in Services 
Special Session Original:   English 
 
 
 
INDIA 
 
Revised Offer  
Corrigendum  
 In the electronic processing and reproduction of the revised offer of India, a number of errors 
have occurred.  Please find below the necessary correc tions.  The corrected pages of the revised offer 
are attached for ease of reference.  
_______________ 
 
 
1. On page 7, in the column on Limita tions on Market Access, the entry under " (c) Contractual 
Service Suppliers – Employees of juridical persons ", is corrected to read as follows: 
  
 (i) Employees of a foreign based 
company or partnership who 
travel to India temporarily for 
short periods of stay of (1) up 
to one year in order to perform a service pursuant to a 
contract between their 
employer and a client(s) located in India where the 
employer does not have an 
affiliate office and where remuneration must be paid 
solely to the employer and (2) 
(ii) Employees of a foreign based 
company or partnership who 
travel to India temporarily  for 
short periods of stay of  up to 
one year in order to fulfil qualification and licensing 
requirements where presence 
in India is an essential condition for the fulfilment of 
these requirements. 
 instead of:   (i) Employees of a foreign based 
company or partnership who travel to India temporarily for 
short periods of stay of (1)
 up to 
one year in order to perform a service pursuant to a contract 
between their employer and a 
client(s) located in India where the employer does not have an 
affiliate office and where 
remuneration must be paid solely to the employer and (2)
 
(ii) Employees of a foreign based 
company or partnership who 
travel to India temporarily  for 
short periods of stay of  up to one 
year in order to fulfil 
qualification and licensing requirements where presence in 
India is an essential condition for 
the fulfilment of these requirements. 
 
 TN/S/O/IND/Rev.1/Corr.2 
Page 2  
 
 2. On page 8, in the column on Limitations on Market Access, the penultimate paragraph is 
corrected to read as follows:  
Access shall be available under this 
category only in the specific service 
sector in which contract has been 
entered into and employees should have 
appropriate educational and professional 
qualifications relevant to the services to 
be provided.  instead of Access shall be available under this 
category only in the specific service 
sector in which contract has been 
entered into and employees should 
have appropriate educational and 
professional qualifications relevant to 
the services to be provided.   
 
  
3. On page 13, concerning sector (i) Veterinary services (CPC 932),  the Mode 4 entries in the 
columns on Limitations on Market Access and Limitations on National Treatment are corrected to read as follows:  
4) Unbound except as in the horizontal 
section 
 instead of: 4) Unbound except as in the horizontal 
commitments  section  
 
 
 
4.  On page 23, the entry in the column on Sect or or Sub-sector is corrected to read as follows: 
 
2. COMMUNICATION SERVICES 
C. Telecommunication Services1 instead of: 2. COMMUNICATION SERVICES C. Telecommunication Services
1 
(a) Voice telephone service       (CPC 7521**) 
 
Limited to local/long distance, for public 
use over a public telecommunication 
transport network  
  (a) Voice telephone service       (CPC 7521**) 
 
Limited to local/long distance, for public use 
over a public telecommunication transport 
network  
 
Wirebased (i.e., for fixed network of 
subscribers).  
 
1 Excluding  broadcasting services and 
measures affecting such services.  Broadcasting 
is defined as a form of the uni-directional 
telecommunications intende d for large number of 
users having appropriate re ceiving facilities and 
carried out by means of radio or cable network. 
This may include sound transmission, television 
transmission or other ty pes of transmission. 
  Wirebased (i.e., for fixed network of 
subscribers). 
 
1 Excluding  broadcasting services and 
measures affecting such services.  Broadcasting is 
defined as a form of the uni-directional 
telecommunications intende d for large number of 
users having appropriate receiving facilities and 
carried out by means of radio or cable network. This 
may include sound transmission, television 
transmission or other ty pes of transmission. 
 
 
  TN/S/O/IND/Rev.1/Corr.2 
 Page 3 
 
 
5. On page 28, in the column on Limitations on Market Access for "(c) Circuit switched data 
transmission services (CPC7523**)" the entry is corrected to read as follows:   
 
(1) Unbound.   
(2) Unbound . None 
(3) Licensed voice telephone service 
operators will be permitted for 
transmission of data on the 
PSTN2 network in its licensed 
service area. 
(4) Unbound except as indicated in 
the horizontal commitments 
 
2PSTN refers to Public Switched 
Voice Telephone Network which is operated by DoT/MTNL or 
licensed operator. 
 
 instead of:  1) Unbound.   
2) Unbound . None  
3) Licensed voice telephone service 
operators will be permitted for 
transmission of data on the PSTN2 
network in its licensed service area.  
4) Unbound except as indicated in the 
horizontal commitments  
 
2PSTN refers to Public Switched 
Voice Telephone Network which is 
operated by DoT/MTNL or licensed operator. 
 
 
 
6. On page 41, concerning the commitment on " B. Banking and other financial services 
(excluding insurance) ", in the column on Limitations on National Treatment, Mode 3, the first three 
lines are corrected to read as follows:  
3) For all activities listed in this 
section of the Schedule excluding 
factoring and venture capital  
 instead of: 3) For all activities listed in this section of 
the Schedule excluding factoring and venture capital  
 
  
7. On page 42, concerning the commitment on " B. Banking and other financial services 
(excluding insurance) ", in the column on Limitations on Market Access, Mode 3, the following 
entries is added between (iii) and (vi): 
 
(iv) Investments in other financial services  companies by branches of foreign banks 
licensed to do banking business in India i ndividually not to exceed 10 per cent of 
owned funds or 30 per cent of the invested  company's capital whichever is lower. 
 (v) Licences for new foreign banks may be de nied when the maximum share of assets in 
India both on and off balance sheet of foreign banks to total assets both on and off 
balance sheet of the banking system exceeds 15 per cent.   
 
 TN/S/O/IND/Rev.1/Corr.2 
Page 4  
 
8. On page 44, in the column on Limitations on Market Access, the Mode 3 entry below the 
words "For Factoring
" is corrected to read as follows:  
 
3) Allowed for foreign financial 
services companies (including 
excluding  banks) through 
incorporation. with foreign equity 
not exceeding 51 74 percent  and 
subject to the condition that in the 
case of foreign investors having 
prior collaboration in that specific 
service sector in India, FIPB 
approval would be required. 
 
Allowed for banks through 
incorporation with foreign equity not 
exceeding 51 per cent.  
 instead of: 3) Allowed for foreign financial services 
companies (including excluding banks) 
through incorporation. with foreign equity not exceeding 51 74 percent and 
subject to the condition that in the case 
of foreign investors having prior collaboration in that specific service 
sector in India, FIPB approval would be 
required. 
 
Allowed for banks through 
incorporation with foreign equity not 
exceeding 51 per cent.  
 
     
 
   TN/S/O/IND/Rev.1/Corr.2
 Page 5Corresponds to Page 7 of TN/S/O/IND/Rev.1  
Modes of supply:    1) Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on National Treatment Additional Commitments 
 (c) Contractual Service Suppliers – Employees 
of juridical persons 
 
 (i) Employees of a foreign based company 
or partnership who travel to India 
temporarily for short periods of stay of 
(1) up to one year in order to perform a 
service pursuant to a contract between 
their employer and a client(s) located in 
India where the employer does not 
have an affiliate office and where remuneration must be paid solely to the 
employer and (2) 
(ii) Employees of a foreign based company 
or partnership who travel to India 
temporarily  for short periods of stay of  
up to one year in order to fulfil 
qualification and licensing 
requirements where presence in India is an essential condition for the 
fulfilment of these requirements. 
   
  TN/S/O/IND/Rev.1/Corr.2 
Page 6 Corresponds to Page 8 of TN/S/O/IND/Rev.1  
Modes of supply:    1) Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on National Treatment Additional Commitments 
  The service contract ha s to be obtained in 
one of the sectors listed below and subject 
to additional conditions mentioned in the sub-sector : 
- Engineering Services 
- Integrated Engineering Services 
- Architectural Services 
- Urban Planning and landscape 
Architectural Services 
- Computer and Related Services 
- R & D Services 
- Management Consulting Services 
(excluding all services relating to legal 
consultancy) 
- Services related to Management 
consulting (excluding all services 
relating to legal consultancy) 
- Hotel and Restaurant services  
- Travel agency and tour operator 
services 
-  Tourist guides Services   
 Access shall be available under this 
category only in the specific service sector 
in which contract has been entered into 
and employees should have appropriate 
educational and professional qualifications 
relevant to the services to be provided. 
 
Access may be denied in the case of 
juridical persons where the provision of 
services by foreign service providers is the 
subject of labour -management dispute.  
   
   TN/S/O/IND/Rev.1/Corr.2
 Page 7Corresponds to Page 13  of TN/S/O/IND/Rev.1  
Modes of supply:    1) Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on National Treatment Additional Commitments 
(h) Medical and Dental 
Services (CPC 9312) 
 
(j) Services provided by 
Midwives, Nurses, 
Physiotherapists and 
para -medic al personnel 
(CPC  93191) 
 1)  None for provision of services on provider to 
provider basis such that the transaction is 
between established medical institutions covering areas of second opinion to help in 
diagnosis of cases or in the field of research.  
2) None 3) Only through incorpor ation with a foreign 
equity ceiling of 74 p er cent subject to the 
condition that the latest technology for 
treatment will be brough t in and subject to 
the condition that  in the case of foreign 
investors having prior collaboration in that 
specific service sector in India, FIPB 
approval would be required. 
4) Unbound except as indicated in the 
horizontal section.  None for charitable 
purposes 
 1) None 
 
  
 
2) None 3) Publicly funded services may be available 
only to Indian citizens or may be supplied 
at differential prices to persons other than 
Indian citizens. 
  
 
 4) Unbound except as indicated in the 
horizontal section 
  
(i) Veterinary services 
(CPC 932) 1) None 
2) None 
3) None except that in the case of foreign 
investors having prior collaboration in that 
specific service sector in India, FIPB 
approval would be required. 
4) Unbound except as in the horizontal section 
 1)  None 
2)   None 
3) None 
 
 
 
4) Unbound except as in the horizontal section 
  
  TN/S/O/IND/Rev.1/Corr.2 
Page 8 Corresponds to Page 23  of TN/S/O/IND/Rev.1  
Modes of supply:    1) Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on National Treatment Additional Commitments 
2. COMMUNICATION 
SERVICES 
C. Telecommunication 
Services1    
(a) Voice telephone service  
     (CPC 7521**) 
 
Limited to local/long 
distance, for public use over 
a public telecommunication 
transport network  
 1) Unbound.   
2) Unbound  None 
3)  The service will be permitted to be provided 
only after the operator gets a licence from 
the Designated Authority. who shall 
determine the need, if any, for issuance of 
new licences.  The terms and conditions of 
the licence will be as laid down by the 
Designated Authority or Government or the 
prevailing laws in the country.    
 1) Unbound.   
2) Unbound None 
3) Unbound  
 The definition and principles on 
the regulatory framework for the 
basic telecommunication services subscribed to by India are 
contained in the annex titled 
"Explanatory Paper on Additional Commitments by India  
 
Wirebased (i.e., for fixed 
network of subscribers).  
  In the case of foreign investors having 
prior collaboration in that specific service 
sector in India, FIPB approval would be 
required. 
 
 There will be one opera tor other than 
Department of Telecommunications 
(DOT)/Mahanagar Telephone Nigam 
Limited (MTNL) in each service area for a 
period of 10 years from the grant of licence 
after which the position will be reviewed.    
Number of licenses, may, however, be 
limited due to scarce resources such as 
right of way and spectrum availability, 
subject to a minimum of two licences in 
each service area. 
  The subject of opening up of 
national long distance service 
beyond service area to 
competition will be reviewed in 
the ye ar 1999.  
 Also the subject of opening up of 
international service to 
competition will be reviewed in 
the year 2004)  
 
                                                      
1 Excluding  broadcasting services and measures  affecting such services.  Broadcasting is  defined as a form of the uni-directiona l telecommunications inte nded for large number of 
users having appropriate receiving facilitie s and carried out by means of radio or ca ble network. This may include sound transm ission, television tran smission or other types of transmission.    TN/S/O/IND/Rev.1/Corr.2
 Page 9Corresponds to Page 28  of TN/S/O/IND/Rev.1  
Modes of supply:    1) Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on National Treatment Additional Commitments 
(c) Circuit switched data 
transmission services 
(CPC 7523**)  
(d) Telex Service  
(CPC 7523**)  
(e) Telegraph Service  
(CPC 7522**)  
 (1) Unbound.   
(2) Unbound . None 
(3) Licensed voice telephone service 
operators will be permitted for 
transmission of data on the PSTN2 
network in its licensed service area. 
(4) Unbound except as indicated in the 
horizontal commitments 
 1)  Unbound.   
2)  Unbound . None 
3) Unbound 
 
 
 
4) Unbound except as indicated in the 
horizontal commitments  
 
(f) Facsimile services  
(CPC 7521** + 7529**)  1)  Unbound.   
2)  Unbound . None 
3)  Licensed voice telephone service operators 
will be permitted for transmission of facsimile on the PSTN network in its 
licensed service area.  Franchisees of service 
operators can provide commercial facsimile services 
4) Unbound except as indicated in the 
horizontal commitments 
 1) Unbound.   
2)  Unbound . None 
3)  Unbound 
  
 
  
4) Unbound except as indicated in the 
horizontal commitments  
 
(g) Private Leased Circuit Services (CPC 7522** + 
7523**)  1)  Unbound.   
2) Unbound .  None  
3)  Licensed voice telephone service operators 
will be permitted to provide leased circuits to their customers, for their own use within 
their licensed service area.  Resale of such 
leased circuits will not be permitted. 
4) Unbound except as indicated in the 
horizontal commitments 1)  Unbound.   
2)  Unbound . None 
3)  Unbound 
  
 
 4)  Unbound except as indicated in the 
horizontal commitments 
  
 
                                                      
2 PSTN refers to Public Switc hed Voice Telephone Network which is oper ated by DoT/MTNL or licensed operator. 
  TN/S/O/IND/Rev.1/Corr.2 
Page 10 Corresponds to Page 41  of TN/S/O/IND/Rev.1  
Modes of supply:    1) Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on National Treatment Additional Commitments 
        Services auxiliary to 
insurance, such as 
consultancy, 
actuarial, risk 
assessment  
Ex.[5 (a) (iv)] 1) None  
2) Unbound 
3)   None subject to th e conditions that foreign 
companies can be established through 
incorporation with foreign equity not 
exceeding 51 per cent and further subject to 
the condition that in the case of foreign 
investors having prior collaboration in that 
specific service sector in  India, FIPB approval 
would be required. 
        In the case of Actuarial and Advisory 
Services, formal certif ication by Actuarial 
Society of India would be required.  
4)  Unbound except as in the horizontal section 
 1) None 
2) None 
3) Unbound  
 
  
 
 
 
  
 
4) Unbound except as in the horizontal section  
B. Banking and other 
financial services 
(excluding insurance)  
 
1.(i) Acceptance of deposits 
and other repayable 
funds from the public 
5(a)(v) 
 
(ii)  Lending of all types, 
including consumer 
credit, mortgage credit, Factoring  and 
financing of 
commercial transactions but 
excluding factoring  
Ex. 5(a)(vi) 
 1) Unbound 
2) Unbound 
3) In each of the services given below in which 
commitments are being undertaken for 
Banking and  non-banking financial services 
companies, access is su bject to fulfilment of 
minimum capitalization norms . 
 For all activities listed in this section of the 
Schedule excluding factoring and venture capital 
(i) Only  through branch operations and as a wholly 
owned subsidiary  of a foreign bank licensed 
and supervised as a bank in its home country 
and subject to regulations of the Reserve 
Bank of India.  
 1) Unbound 
2) Unbound 
3) For all activities listed in this section of the 
Schedule excluding factoring and venture 
capital  
 
 
 
  
(i) Foreign banks are required to constitute Local 
Advisory Boar ds consisting inter alia of 
professionals and persons having expertise in 
areas such as small -scale industry and exports.  
The Chairman and members of the Local 
Advisory Board must be resident Indian 
nationals except for the Chief Executive 
Officer who may  be a foreign national.  The 
appointment of Chairman  and members of the 
Board requires Reserve Bank of India 
approval.  
  
   TN/S/O/IND/Rev.1/Corr.2
 Page 11Corresponds to Page 42  of TN/S/O/IND/Rev.1  
Modes of supply:    1) Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on National Treatment Additional Commitments 
 
(iii) All payment and 
money transmission services including 
credit, charge and debit 
cards, travellers cheques and bankers' 
drafts 
5(a)(viii) 
 
  (ii) Grant of licence as permissible under 
existing laws.  
(ii)  A limit of twelve   fifteen   twenty licences 
per year both for new entrants and existing 
banks. 
(iii) Banks are allowed to install ATMs at 
branches and at other places identified by 
them.  Installation of ATM at a place other 
than in licensed branches is treated as a new 
place of business and requires a licence.  
Licences issued for ATMs installed by foreign banks will not be included in the 
ceiling of twelve  fifteen twenty  licences 
referred to in item (ii) above. 
  (ii)  Public sector enterprises can invest surplus 
funds in term deposits only with scheduled 
commercial banks incorporated in India ; their 
investment of surplus funds in term 
deposits with Wholly Owned Subsidiaries 
would be subject to guidelines by Reserve 
Bank of India.  
 
  
(iv) Guarantees and 
commitments 
5(a)(ix) 
(v) Trading for own 
account of the 
following : 
 
 (a) money market 
  instruments 
 (including 
 cheques, bills, 
 certificates of  deposits) 
 
 (b)    foreign exchange 
 
 (c) transferable 
 securities 
 Ex. 5(a)(x)(A) (B) (E) 
 (iv) Investments in other financial services 
companies by branches of foreign banks 
licensed to do banking business in India 
individually not to exceed 10 per cent of 
owned funds or 30 per cent of the invested 
company's capital whichever is lower. 
 
(v) Licences for new foreign banks may be 
denied when the maximum share of assets in India both on and off balance sheet of 
foreign banks to total assets both on and off 
balance sheet of the banking system exceeds 15 per cent.    l 
  TN/S/O/IND/Rev.1/Corr.2 
Page 12 Corresponds to Page 44  of TN/S/O/IND/Rev.1  
Modes of supply:    1) Cross-border supply 2)  Consumption abroad 3)  Commercial presence 4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on National Treatment Additional Commitments 
 4) Unbound except as indicated in the horizontal 
section 
 
For Factoring  
1) Unbound 2) Unbound 
3) Allowed for foreign financial services companies 
(including excluding  banks) through 
incorporation. with foreign equity not exceeding 
51 74 percent  and subject to the condition that 
in the case of foreign investors having prior 
collaboration in that specific service sector in 
India, FIPB approval would be required. 
 
Allowed for banks through incorporation with 
foreign equity not exceeding 51 per cent.  
 4) Unbound except as indicated in the horizontal 
section 
 
For Factoring  
1) Unbound 
2) Unbound 3) Unbound except for entities established in 
accordance with the lim itations specified in 
the market access column.  
  
 4)  Unbound except as indicated in the horizontal 
section 
 
Venture Capital  
1) Unbound 
2) Unbound 4) Unbound except as indicated in the horizontal 
section 
 
Venture Capital  
1) Unbound 
2) Unbound 
  
 
 
__________