The Union Minister of Electronics and Information Technology (MeitY), Ashwini Vaishnaw has stated that India would become a world leader in the manufacturing of mobile technology in the next five years. This growth is expected to generate massive revenues and employment opportunities for citizens.
A report by The Hindu states that the IT Minister has lauded India’s current technological advancements in the 5G sector and revealed that the progress they have achieved is beyond their expectations. By this time, we have seen various telecom operators test their 5G networks in the country. It was recently revealed that the 5G spectrum auctions will soon begin in India, followed by a 5G rollout in 2022-2023.
Upon asking why public companies like BSNL and MTNL are struggling to keep up with their privatized competitors like Jio, Vodafone Idea, or Airtel, the Minister said that “BSNL was a profitable company. The funds of BSNL were diverted during the UPA era. Within three years, BSNL became an entity that was unsustainable for its sustenance. There were no resources available to fund even the day-to-day activities.“
