With a disinvestment target of raising Rs.72,000 crore this fiscal, the government is all set to rule Dalal Street with Rs.18,000 crore worth of Initial Public Offerings (IPOs).
Prof NK Goyal, Chairman Emeritus, Telecom Equipment Manufacturers Association (TEMA) believes that more than anything else, Indian industry needs to be provided with proper market access in order to make the country a manufacturing hub for telecom equipment.
In India, for every 10 per cent of the population using basic services such as voice and SMS, the national GDP increases by 0.5 per cent; a similar expansion of Internet and other non-voice communication or data adds 1 per cent to GDP, according to government figures available with the countryÂ´s Department of Telecommunications (DoT).
As the call drop menace refuses to subside, the government is now weighing the option of slapping a penalty on telecom operators. Individual letters are to be shot off to company promoters to convey the concerns raised by Prime Minister Narendra Modi.
The proposal to merge the three telecom public sector undertakings BSNL, MTNL and ITI could be one of the first things that the new government could be undertaking. According to sources in the Department of Telecom (DoT), a note for the consideration of the government to this effect is being drafted.
A special purpose vehicle (SPV) with equity participation from BSNL, MTNL and other public sector units such as RailTel, Gail and PowerGrid, amoÂng others, will undertake the 20,000-crore project to build a national broadÂÂband network to take high-speed internet to the hinterlands.