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Industry requires US$100-bn investment to meet 5G targets
The revenue from 5G-enabled digitization in India is expected to reach $25.9 billion by 2026
Photo Credit : Shutterstock,
The 5G Leadership Summit 2018, organized by Konnect Worldwide Business Media Pvt Ltd, culminated here today with over 150+ delegates discussing India’s readiness to usher 5G and the technological sea-change expected with its implementation. A panel of distinguished speakers led by Chief Guest Prof Ashutosh Sharma,Secretary, Department of Science & Technology, Govt of India included Vipin Tyagi Executive Director, C-DoT; Rajan Mathews ,Director-General COAI, Sandeep Gupta ,Senior VP, Strategy, Architecture and Engineering, Airtel; Kuldeep Malik ,Director, Corporate Sales India, MediaTek, Manoj Misra Senior Public Policy Director, GSMA; Nikhil Shah India Representative Broadband Forum, among others, deliberated on varied facets of 5G.
Chief Guest Prof. Ashutosh Sharma said; “The overall policy framework has been very positive with net neutrality and added collaboration will enable rationalization of telecom pricing and operations. I hope this will be a catalyst in the 5G evolution from 2022 and 2025.”
“Telecom as a sector is vital for the purpose of nation building, investments in last 2 decades from overseas is about 250,000 cr. There is a reason why this number because there are large ambitions that we have to invest even more in the sector that we have in the coming 5 years. We are on our way to meeting our 5G targets hoping to attract investments worth 100 billion USD creating 4 million jobs. The latest policy drives on Propel India, Connect India and Secure India through which we hope to expand IoT to 5 billion connected devices and 10 million public WiFi hotspots by 2022, we are very optimistic about it and great work has been done by the industry,” said P. Balaji, Director Regulatory & Corporate Affairs, Vodafone India.
As 5G becomes increasingly integral to industrial businesses and digitalization, the revenue from 5G-enabled digitization in India is expected to reach $25.9 billion by 2026. In future millions of smartphone apps will be joined by billions of IoT devices, thus forcing wireless networks to grip for more airwaves.
The topics discussed at the 5G Indian Leadership Summit included roadmap for deployment, India’s focus on 5G transitions and making the market suitable for 5G adoption.
