‘India’s telecom sector to add over 17700 additional jobs’
Union Minister Ashwini Vaishnaw
By Sanjay Singh
New Delhi, October 11- As India’s telecom sector is likely to grow by $12.5 billion every three years, according to a Deloitte-CII study, telecom companies have invested Rs 2,419 crore under the production-linked incentive (PLI) scheme, which would add 17,753 jobs, according to Telecom Minister Ashwini Vaishnaw.
Pointing out this as an achievement and a major milestone for the industry, showcasing the success of the Make in India initiative, the telecom minister has also pointed out that India has rapidly emerged as the third-largest ecosystem for 5G technology globally, with 5G network launched just last year in 2022. The Minister also was bullish on India’s telecom equipment, manufactured domestically and exported to countries such as the European nations, Japan, US and are being recognized for their good quality.
The Minister during the virtual inauguration of a production line at domestic firm VVDN Technologies, spoke on the complexity of the manufacturing processes, and stressed on the involvement of young professionals in handling intricate machinery. He also lauded Make in India campaign and credited Prime Minister Narendra Modi for making this a reality.
Vaishnaw also pointed out that India has rapidly emerged as the third-largest ecosystem for 5G technology globally, with the 5G network having been launched just last year. He expressed pride in India’s telecom equipment, manufactured domestically and exported to countries such as the US, European nations, and Japan, where they are recognized for their high quality.
He also informed that India’s contributions had been accepted by the International Telecommunication Union (ITU) for the standardization of 6G technology, which indicates India’s progress in becoming a leader and a major IT contributor in the global 6G journey.
These achievements, the minister said has come in with government’s strategic interventions, planned late last year, where 42 companies were shortlisted to invest a total of Rs 4,115 crore, which ensured significant growth with additional sales expected to reach Rs 2.45 lakh crore.
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