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

- Advertisement -
- 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
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

“Our Goal is to Offer 1000 To 1500 Varieties, With Volumes Ranging From 10000...

0
During a chat with Nitisha Dubey from EFY, Mohammed Iqbal, CEO of Technomake Electronics Pvt Ltd, talks about PCB assembly and major customer focus...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

Buzz

TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Important Sectors

Microchip Technology Expands TrustFLEX Family With CEC1736 Real-Time Platform Root Of Trust Devices

0
TrustFLEX devices along with the Trust Platform Design Suite tool will simplify the enablement of root of trust from concept to production in wide...
TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Manufacturing

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...