“$100 bn investment in 5 years is probably an underestimation” : Aruna Sundararajan

- Advertisement -
- Advertisement -

Taking broadband to all is the focus of the draft national telecom policy and the industry is also quite optimistic about the changes that the policy is about the bring in. To strengthen this further, today the Confederation of Indian Industry (CII) have released the Broadband Report 2018 namely “Broadband 2022 – Fast tracking India’s economic growth by $1 trillion”.

— By Baishakhi Dutta

Aruna Sundararajan, national telecom policy, CII, telecom, broadband, IndiaOn this occasion telecom secretary Aruna Sundararajan said that the broadband report is almost an exact echo of what the government has already articulated as its vision. “The National Telecom Policy which is being renamed as the National Digital Communication Policy is in itself a very significant shift because what the policy seeks to address is not the enabler of traditional telecom infrastructure but trying to articulate a framework which is reoriented in terms of a much larger and influential digital infrastructure”.

- Advertisement -

The policy itself comes in the backdrop of some very major changes that the Indian economy is undergoing because as the national vision it has been articulated that India must now move on to the next higher level of 8% sustained growth in the years to come. In the recent months the government has been looking at policy drivers that can actually accelerate and propel India to a higher growth path.

Sundararajan further said that a national workshop on the National Digital Communication Policy in scheduled on 15th May where the government is going to talk to all the states and help them bring on board the new policy. “One of the target of this workshop will be to arrive at a target whereby the states and centre will ensure that fiber is driven into the ground and that towers are set up on a collaborative basis. TAIPA along with the government has already aimed at setting up a common infrastructure”, informed Sundararajan.

She unveiled the broad contours of the next telecom policy, which will aim to attract investments worth $100 billion by 2020 in the digital communications sector, create 4 million jobs and enhance the sector’s contribution to 8% of India’s GDP from about 6% in 2017, while adhering to the principles of net neutrality.

In her remarks to the media on the ambitious investment of $100 billion, the minister said, “China has consistently spent 70 billion dollars on telecom infrastructure every year. We are aiming $100 billion in 5 years. In my view this investment is probably an underestimation. If we really want to create next generation infrastructure, India must create a framework so that we can have significant investments coming into this sector”.

Urging media fraternities to spread the message she said, “I would like to appeal to the industry that industry has not done its bit in terms of innovations. There is significant capabilities and strength in the software sector that is still unexplored. Therefore, time is here and so we must leverage our own capabilities”.

She further stated that India’s future will be very largely dependent upon the pace at which these investments are coming and the rate at which these infrastructures are being built apart from the pace and rate at which the industry on boards various platforms to develop the next generation telecom services.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Exclusive: AET Display Says Will Invest Rs 350 Crore In India In Five Years

0
Headquartered in China, the company believes that the Indian market for LED Displays will grow better than in its home country five years from...
teamwork

Team Comes First… Maybe Not

0
The order of priorities may vary, but building a strong team is essential for the long-term success of any startup. By strategically navigating the...

AMU’s Nehal Gupta Says Used EV Market Key To CEV Finance

0
Unlike the used vehicle market, no market exists for used commercial EVs. The former has been one of India's biggest vehicle sales enablers. So,...

Buzz

Samsung Chip

Samsung Launches New Business Division for AI Chips

0
Operating under the Device Solutions (DS) division, the unit's focus is on developing transformative technologies like its 3 nm GAA technology. Samsung Electronics Co., the...
Drones

Garuda Aerospace Expedites IPO for Namo Drone Didi

0
Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using drones for ‘Namo Drone Didi’. Garuda Aerospace, a prominent Indian drone startup, expedites...

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...

Important Sectors

Drones

Garuda Aerospace Expedites IPO for Namo Drone Didi

0
Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using drones for ‘Namo Drone Didi’. Garuda Aerospace, a prominent Indian drone startup, expedites...

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...
Semiconductor

Siemens & Intel Partner To Boost Semiconductor Industry And Sustainability

0
The collaboration will grow the digitalisation and sustainability of microelectronics manufacturing Energy management optimisation and carbon footprints across the value chain will be...

Amkor Announces New Advanced Chip Packaging Facility

0
Amkor to cater diverse sectors such as automotive, high-performance computing, and mobile applications The company has applied for funding from the CHIPS program,...

Octopus EV Secures $700M For Employee EV Expansion

0
Octopus Electric Vehicles offers a "salary sacrifice" program, enabling drivers to save up to 40% on a new EV by deducting payments from their...

Manufacturing

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...

High-Level Executives Announce Their Departure from Stellantis

0
This declaration was made just half a year after Mahajan's elevation to the position of Sales and Marketing Director for the ASEAN markets at...

Foxconn to Expand its Footprint in India

0
This investment follows Foxconn's withdrawal from a $19.5 billion chipmaking joint venture in India. Hon Hai Precision Industry Co., also known as Foxconn Technology, plans...

Toyota Group Announces Sale Of Denso Shares Worth US$ 4.7 Billion

0
The stake sale occurs as the Japanese giant accelerates its electric vehicle production. Toyota Motor and its affiliates, Toyota Industries and Aisin are set to...

Union Industry Minister Piyush Goyal Meets Micron CEO for Expansion in India

0
He also met with entrepreneurs and VCs who can contribute to India’s growing talent in technological areas such as artificial intelligence. India's Commerce and Industry...