There was a strong business case to buy spectrum says, Ravi Shankar Prasad
Union telecommunications and IT minister Ravi Shankar Prasad said, with the sale of 4G spectrum auctions over, operators must focus less on legal battles and more on providing quality services given that the sector has stabilised. Prasad underlined the success of the production-linked incentive (PLI) scheme for smartphones, saying applicants have already produced goods worth Rs 35,000 crore at an investment of Rs 1,300 crore.
The minister said, out of the Rs 4 lakh crore amount that we had fixed, the prime band was not auctioned. Yet, we could get Rs 78,000 crore. In 2016, there were seven players, this time only three. This only shows that players are keen to offer good 4G services for consumer satisfaction. The government expected only about Rs 45,000 crore. Why did the operators purchase so much? This means there is a strong business case to buy the resource.
A question is asked, if the government would reduce the price of the 700 MHz band?
If a band is untouched in the auction, then we could have send it to Trai (Telecom Regulatory Authority of India) for fresh pricing.
While speaking on the PLI scheme for telecom equipment manufacturing. Minister said, India already has manufacturers like Ericsson, Nokia, Samsung, Jabil and Sanmina. These players have evinced interest...we expect more players to apply. We are importing equipment worth Rs 50,000 crore and export is just Rs 7,000 crore. I am very keen that India become a complete ecosystem for electronics manufacturing: mobiles, accessories, PCBs, telecom equipment, laptops, tablets, iPads, servers, semiconductors and medical equipment, followed by strategic electronics.
INTERVIEWS
TOP VIDEOS
SECURITY
SOFTWARE
MediaTek announces Dimensity 9000+ enhancement for flagship smartphone performance
MediaTek has announced the Dimensity 9000+, an enhancement to the company’s top-of-t...
Siemens accelerates digital transformation with launch of Siemens Xcelerator
Siemens AG has launched an open digital business platform, Siemens Xcelerator, to accelera...
Al Faisal Holding Company implements Ramco Systems’ Global Payroll & HR Solution
Qatar based Al Faisal Holding announces that it has chosen to implement Ramco Systems&rsqu...
START - UP
PERIPHERALS
INDUSTRY EVENTS
Intel hosts the Safety Pioneers Conference to boost road safety in India
Intel reinforces its goal to use technology to enhance road safety in India. At the Safety...
Prama Excellence Meet conducted in Mumbai to showcase its surveillance products
Prama India has organized its third part of ‘PRAMA EXCELLENCE MEET’ event in M...
PRAMA hosts its EXCELLENCE MEET in New Delhi
Prama India has organized its Pan India Roadshows with its second event recently at New De...
Grassroots Channels announces a multicity, daylong event “Surveillance Unmasked”
Grassroots Channels has announced the launch of “Surveillance Unmasked” progra...
E- COMMERCE
