Speaking on the Inaugural of seminar on ‘FDI in Telecom Sector: The Way Ahead’ at New Delhi, Shri Manoj Sinha, Communications Minister noted that FDI in Indian Telecom sector has witnessed 5 times jump from $ 1.3 bn in 2015-16 to $6.2 bn in 2017-18.

India is the second largest telecommunications market in the world with around 1.18 bn customers. This transformation is moving India towards becoming a ‘knowledge society’ because growth of Internet data services and widespread use of mobiles have changed the way in which public services like education, transportation etc. are being delivered.

Telecom Sector is also playing an important role in agriculture, poverty eradication, disaster preparedness and financial inclusion.

As the blue-print gets ready for transition to newer, emerging technologies like 5G, M2M, and AI etc., there would be need for foreign investors and telecom players to take part in India’s growth trajectory.

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