FDI in telecom sector jumps five times in last 3-years:Govt

Government says, Foreign Direct Investment in telecom sector has jumped five times in last three years from 1.3 billion US dollars to 6.2 billion US dollars.

Communications minister Manoj Sinha said that through New Digital Communication Policy (NDCP), telecom ministry is targetting FDI of 100 billion US dollar.

Speaking at a seminar in New Delhi, the minister said government is aiming to commercially introduce 5G services in the country by the end of 2020.

He said, the next generation of mobile Internet connectivity, 5G would offer much faster and more reliable networks, which would form the backbone for the emerging era of Internet of Things.

Telecom secretary Mrs Aruna Sundararajan said Indian telecom sector, which is second largest in the world, will work towards growth-oriented investment perspective.

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