Responding back to claims of the government looking to set up a financial bailout package for the Indian telecom industry, Reliance Jio has lashed out at telecom body Cellular Operators' Association of India (COAI) for “creating alarmist propaganda for the doom of the industry in India.”

The Reliance-owned telco has shared its concerns in a letter, directed towards Rajan Matthews, Director General, COAI on Wednesday.

Jio, through this letter also alleged that “COAI, through its behaviour, has proved they are not an industry body, but just a mouthpiece of two service providers (namely Airtel and Vodafone Idea).”

COAI, through its letter to the Indian government, is claimed to have communicated that rising debt on telcos in the country will lead to massive repercussions for the economy.