India’s telecom sector will create up to 3,00,000 jobs in the next 18 months and a majority of these positions will come up in rural areas of the country, says, Telecom Secretary and Telecom Commission chairman Aruna Sundararajan.
As per the report she says, this ever growing sector has already created over 1,00,000 jobs since the introduction of the National Digital Communications Policy-2018 (NDCP). The investment in this sector starts to increase, jobs are expected to be created at a rapid pace. With roll out of services, including Wi-Fi services, in rural areas gaining momentum, it is estimated that over 50% of these jobs will be created in rural India.
She further said, the new framework (NDCP) would draw investments worth $100 billion into the country’s telecom industry in five years and a total investment of around $16 billion has already been announced by the private sector companies and government via USOF [Universal Service Obligation Fund], with a rough split of 65% and 35% respectively. This investment is currently in different phases of infusion into the sector,” she said.
Speaking on the survival package to the BSNL and MTNL , the government is in the final stages of putting together a comprehensive revival package and post implementation, these would return to growth and profits. These PSUs have had to carry the burden of legacy staff which have significantly skewed their cost structures. Moreover, the PSUs have had to make do with providing 2G and 3G services whereas the market has moved towards data-oriented services like 4G. All this has put significant pressure on the bottom-line of PSUs.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
