New telecom policy to bring $100 Bn investment and create 40 lakh jobs

0

As cabinet passes new telecom policy, Telecom Minister Manoj Sinha confirms 100 Billion dollar investment to come by 2022 and said, the policy is aimed at customer focus and application-driven, given the pace of global transformation in the sector

He further added Telecom sector to contribute 8% to the Nation’s GDP from present 6%

This time the focus is on emerging technologies such as IoT (Internet of Things), M2M (Machine to Machine Communications) and 5G technologies

In (National Digital Communication Policy) NDCP 2018, the government plans to ensure universal broadband connectivity at 50 Mbps to every citizen, provide 1 Gbps connectivity to all gram panchayats by 2020 and 10 Gbps by 2022 and ensure connectivity to all uncovered areas.

Ashish Sharma, Partner, PwC Strategy, said the new policy “recognises and promotes investment in all aspects of the industry – R&D, product development including incentives for local manufacturing”.

“It also recognizes and seeks to correct the previous market challenges around fixed-line fibre infrastructure”

It should be noted that, DoT (Department of Telecom) is renamed as Digital Communication Commission and will be called so from now on.