Sinha said, as we move from telecom India to digital India, it is pertinent to mention that the draft National Digital Communications Policy, 2018 aims to attract investment of USD 100 billion or about Rs.6.5 lakh crore in the Digital Communications Sector. India has also announced plans to launch commercial 5G networks by the year 2020 and this provides a big opportunity for investing in the newer emerging technologies like 5G, AI, IoT, Data analytics etc.
The Minister said that Telecom sector in India has witnessed some upheaval in last 2-3 years. There were many mergers and acquisitions and a couple of unfortunate insolvency proceedings. However, consolidation in the sector will strengthen it as the worst is behind us. He said, numerous steps have been taken in this period to promote the ease of doing business, particularly in the Telecom Sector. To mitigate the stress in Telecom Sector, an Inter-Ministerial Group was established and most of their recommendations have been accepted and are under various stages of implementation.
He said Indian economy is back on the growth trajectory and the 2nd quarter of 2018, GDP showed a promising growth at 8.2%, and India is poised to become third largest economy in the world over the next two decades. Therefore, the Investors/Telecom operators across the world are invited to be part of the growth story of India Telecom through Foreign Direct Investments.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
