Government approves new telecom policy to attract $100 billion investment
The Union Cabinet on Wednesday flagged off the new telecom policy, the National Digital Communications Policy 2018, which aims to provide broadband access to all citizens by 2022. The new policy will also create about 4 million jobs and invite investment worth $100 billion into the telecom sector. This will boost the sector’s contribution to 8% of GDP from 6% in 2017 besides backing the principles of net neutrality. “The government felt the need to come up with a new telecom policy that is both customer-focussed and application-driven, given the pace of global transformation in the sector, particularly, in emerging technologies such as 5G, IoT (internet of things) and M2M (machine to machine) communications,” telecom minister Manoj Sinha said Friday.
The government expects the policy to create provision for providing 1 Gbps connectivity to all gram panchayats by 2020 and 10 Gbps by 2022.It plans to propel India to the top 50 nations in the Information and Communication Technology Development Index of the International Telecommunication Union from 134 in 2017, enhancing the country's contribution to global value chains and ensuring digital sovereignty, he added.