Indian telco equipment demand to exceed $30bn by 2020
05 October 2016 |
Telecom Minister Manoj Sinha has said that demand for telecom equipment on the Indian sub-continent will exceed $30bn by 2020, up from $20bn in 2015-16,
Telecom Minister Manoj Sinha has said the country is one of the fastest growing telecom markets internationally with the second-largest subscriber base, He was speaking at a trade event.
Sinha said the government would do everything to ensure that Indian telecom products and services become the first choice for everybody's telecom needs.
He said if any organisation was looking for secure information, communication, technology or IT products, they should rely on Indian products and the industry was eager to share the ‘know-how’ and the ‘know why’ for them to succeed.
“Indian manufacturers have made significant strides in exports of IT and telecom products to several countries and established that Indian IT and telecom products are of world-class quality and globally competitive on technology and price," he said.
India has all the ingredients of a globally-competitive telecom industry such as a large domestic market, world-class talent, a focus on research and development and intellectual property rights creation, as well as a robust framework for electronic manufacturing.
The export-led event drew attendees from South Asia, South-East Asia, The Caribbean, Latin America and Africa.
"This large telecom network requires equipment and technology that is second to none in the world, yet India offers the lowest telephony tariffs in the world," he said. The minister said with this background, the foreign delegates can be assured that when they buy telecom products and services from India, they would be buying the best technology at competitive costs.
Speaking at the same event, Telecom Secretary J S Deepak said Indian companies had exported more than $110bn of IT and telco equipment in the past period, mostly to advanced countries. He said that this is likely to witness a significant growth rate shortly.
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