FDI in Telecom Sector Jumped Five Times In Three Years

FDI in the telecom sector has jumped nearly five times in the last three years – from USD 1.3 Billion in 2015-16 to USD 6.2 Billion in 2017-18. According to Union Minister of Communications Shri Manoj Sinha, the draft National Digital Communications Policy, 2018 aims to attract investment of USD 100 billion or about Rs.6.5 lakh crore in the Digital Communications Sector.
India has also announced plans to launch commercial 5G networks by the year 2020 and this provides a big opportunity for investing in the newer emerging technologies like 5G, AI, IoT, Data analytics etc. Shri Sinha also released a publication titled “Telecom Sector Growth & FDI: A Way Ahead”.
Source-PIB
Static/Current Takeaways Important for IBPS PO Exam 2018-
  • Telecom Regulatory Authority of India (TRAI) chairman– Ram Sewak Sharma
  • TRAI headquarters– New Delhi, Establishment year– 1997
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