Telecom Gear Makers to Invest over Rs 4,000 crore in India

- Advertisement -

The investment commitment is in line with Narendra Modi government’s goal to achieve a capital gain of $100 billion (about Rs 7 lakh crore) by 2022

Telecom Minister Manoj Sinha

Telecom equipment makers such as Cisco, Samsung, Ericsson, Nokia, Intel and Sterlite will be investing more than Rs 4,000 crore in India, announced Telecom Minister Manoj Sinha Saturday at the third day of the India Mobile Congress 2018.

The figure will increase further, said Sinha, adding that the investment commitment shown by the equipment manufacturers is a part of government’s ambitious policy target to achieve Rs 7 lakh crore worth of investment by 2022.

- Advertisement -

These are the first set of investments flowing in after the announcement of National Digital Communications Policy.  

In August this year, the Cabinet has approved the National Digital Communications Policy 2018 that aims to attract $100 billion of investment and creation of 4 million jobs in next four years, in addition to an aggressive focus on next-generation of technologies.

However, the investments will be made over a period of next one-two years, according Telecom Secretary Aruna Sundararajan.

Amongst all these equipment makers, Sterlite Tech is the only homegrown company that locally produces end-to-end optic fibre, a core digital infrastructure required to increase fourth-generation (4G) footprint and enabler of upcoming fifth-generation (5G) technology rollout.

Meanwhile, Korean Samsung, Swedish Ericsson, Finnish Nokia and the US-based Cisco have already partnered with service operators and the telecom department to conduct field trials and demonstrate India-specific 5G use cases.

Industry experts discussed challenges in the digital communications during the three-day mega India Mobile Congress 2018 event, which saw participation of 20 countries and 300 companies, Sinha said.

Sinha added that discussions and announcements at the event show India is ready for the emerging 5G services. The 5G technology would facilitate machine-to-machine communications and has multiple usages.

The India Mobile Congress 2018 was organised jointly by the DoT and industry group Cellular Operators Association of India (COAI) which represents telcos such as Bharti Airtel, Reliance Jio and Vodafone Idea as well as gear makers such as Huawei, Ericsson, Nokia, Cisco and Samsung.







- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

CloudBees

CloudBees Appoints New CEO

0
CloudBees, a software delivery platform for businesses recently announced the appointment of Anuj Kapur as the President and Chief Executive Officer. Before he was...
Legado

Legado Acquires B2B Tech From WonderBill

0
Legado, an open document and data platform specialist, recently announced the acquisition of consumer and B2B bill management technology from WonderBill. Established in 2016,...
AstroPay

AstroPay Appoints New CFO

0
AstroPay, a global payment solutions provider recently announced the appointment of Fayyaz Ansari as the Chief Financial Officer. He has worked for over two...

Exclusive

“Inquisitiveness To Explore Makes A Big Difference…”

0
There are many who aspire to hold prestigious positions at big corporate houses, but very few are willing to work hard enough for it....
Japanese, InnovationLab

InnovationLab Unveils Additive PCB Production

0
InnovationLab, a printed electronics company, “from lab to fab,” recently claimed that it has achieved a breakthrough in additive manufacturing of PCBs, which in...

EV Sales Leap More Than 200%YoY in July

0
Reaching 79,720 units, the total EV sales in July 2022 increased 8.8% MoM and more than 200% YoY. Major EV registrations for the month were...

Important Sectors

Legado

Legado Acquires B2B Tech From WonderBill

0
Legado, an open document and data platform specialist, recently announced the acquisition of consumer and B2B bill management technology from WonderBill. Established in 2016,...
Moon

Hyundai and Kia Partner For Moon Exploration

0
Hyundai and Kia recently announced a joint venture and signed a research agreement with six Korean research institutes to form a consultative body that...
Sceye Rises to Stratosphere WIth HAPS

Sceye Rises to Stratosphere WIth HAPS

0
Sceye, a High-Altitude Platform Stations (HAPS) manufacturer, recently announced that it successfully reached the stratosphere on June 14, 2022, where the main aim was...
Intel, Digital India, CPU

Intel’s CPU Delay Throws Off TSMC’s Plans

0
A market research firm out of Taiwan TrendForce recently enunciated on the chip market and supply chain, on August 5 Intel postponed the Meteor...
Reality AI, Renesas, RTOS

RTOS Compatible MPUs by Renesas

0
Renesas Electronics recently unveiled the RZ/A3UL group of microprocessors (MPU) that claims to enable a high-definition human-machine interface (HMI) and quick start-up for applications...

Manufacturing

Polymatech Will Invest USD 1 Billion On Expansion

0
Polymatech semiconductor manufacturing and packing facility is expected to produce 250 million chips per year with an investment of USD 1 Billion. The company will...

Third-largest by 2026: Indian Auto Sector

0
Going by the latest report of Invest India, the automotive sector will reach the mark of $300 billion by 2026. It will make India...

Flex Sees Growth With Smart Cities Mission

0
Flex CEO Revathi Advaithi, who started with the benign manufacturing field and now sits at the helm of this multinational company, considers the growing...

RISC-V Global Summit From December 12th to 15th, 2022

0
RISC-V International has the dates for its 2022 Global Summit North America. The event is a full in-person schedule at San Jose, California. Attendee...

World’s First 3nm Chips by Samsung

0
The 3-nanometer (nm) manufacturing node using the Gate-All-Around (GAA) transistor architecture by Samsung Electronics has begun. This production, when matched to its 5nm process, consumes...