Speaking at the 8th Telecom Export Promotion Council’s buyer-seller meet, Communications Minister Manoj Sinha said that the government will do everything to ensure that the Indian telecom products and services become the first choice in the world. Sinha further said that the Indian manufacturers have already made significant strides in exports of IT and telecom products to several countries and established that the products are of world-class quality and globally competitive on technology and price. Sinha also told the representatives from 28 participating countries from South Asia, Southeast Asia, the Caribbean, Latin America and Africa that India also holds the distinction of being the fastest growing telecom network, especially with the advent of increased broadband penetration. Also Read - Let our firms take part in 5G trials, China tells India
“If one is looking for secure ICT (information and communications technology) products, they should rely on Indian products and our industry is eager to share ‘know how’ and ‘know why’,” the minister said. “India has all the ingredients of a globally competitive telecom industry like a large domestic market, world class talent, focuses on research and development and IPR (intellectual property rights) creation beside a robust framework for electronic manufacturing,” he added. “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,” the minister further said. Also Read - Landline users need to prefix '0' to call mobile phones starting January 2021: TRAI
Sinha said the Indian telecom sector has been growing at a phenomenal pace and is considered the fastest growing market in the world with the second largest subscriber base with more than 1.06 billion connectivity, 160 million broadband connections and 350 million plus internet users. He said the rapid growth of the sector has fueled the demand for telecom equipment including mobile phones, which is about $20 billion in 2015-16 and is estimated to exceed $30 billion by 2020.