Telecom Sector Has Ample Opportunities, Govt Investing Heavily For Growth says Rajeev Chandrasekhar By CIOTechOutlook Team

Telecom Sector Has Ample Opportunities, Govt Investing Heavily For Growth says Rajeev Chandrasekhar

CIOTechOutlook Team | Wednesday, 02 August 2023, 12:05 IST

As per Rajeev Chandrasekhar, the minister of state for electronics and information technology, telecom technologies in the future will be considerably different from those already in use. As a result, there are many prospects for new firms to enter the telecom sector. According to Chandrasekhar, the government is making investments to increase the telecom industry's overall market capitalization.

“There was a flight of capital and flight of foreign investors. A large number of telecom international brand names that invested in India, left because their businesses were destroyed mainly due to corruption or crony capitalism,” Chandrasekhar said.

At a time when New Delhi is overhauling crucial legislation in the digital and telecommunications sectors, the national government is currently investing extensively in expanding technology infrastructure throughout the nation.

“We are rapidly investing in the sector, growing the overall market capitalization and size of this segment in the digital economy,” Chandrasekhar said.

He added that since 2014, all telecom equipment has been produced in India, with some even being exported to countries like North America. This has reduced the telecom industry's reliance on imported equipment, he said.

“We are the second fastest rolling 5G network in the world. And over 700 districts in India have already had 5G coverage. Over 500,000 base stations have been rolled out in this cutting-edge technology and we are already having a vision and a roadmap for 6G,” Chandrasekhar said.