From connecting people with 5G services to lowering the cost of operations, the country’s revitalised telecom sector is witnessing the bloom of reforms, and is set to attract more than `1.5 lakh crore investments to build up networks in the new year.
Once the poster boy of India’s growth story, then a debt-laden segment that saw many players withering away and now riding the wave of reforms as well as big-ticket investments, the telecom sector turned a new chapter in 2022.
While the Adani group is yet to unveil its full-fledged plan for the telecom business, Reliance Industries Chairman Mukesh Ambani has committed `2 lakh crore investment for rolling out a 5G network across the country by December 2023.
“It has been an exciting year because of the launch of 5G, a much-awaited technology for 4-5 years. This is a big step forward. We look forward to a robust rollout of 5G next year because this year is just the beginning.
“We are all working on use cases. We are telling state governments, ministries, startups and innovators to come out with innovative use cases in the Indian context, which will unlock businesses and will also solve some public problems, some challenges,” Telecom Secretary K Rajaraman told PTI.
