News By/Courtesy: Akshay Anurag | 05 Aug 2018 16:52pm IST

HIGHLIGHTS

  • Rs 1,000 crore fund for promoting research and innovation in the telecom sector
  • Zero imports will enable India to shift from an import-dependent sector to a global hub of indigenous manufacturing
  • TRAI will create a Telecom Research and Development Fund for promoting research, innovation, standardization, design, testing, certification and manufacturing of equipment

Telecom Regulatory Authority of India (TRAI) has recommended for the establishment of Rs 1,000 crore fund for promoting research and innovation in the telecom sector. This was suggested to fulfill the aims of India that there should be net zero import of telecommunications equipment by 2022.  According to TRAI, zero imports will enable India to shift from an import-dependent sector to a global hub of indigenous manufacturing. TRAI said that “India should aim to achieve the objective of ‘net zero imports of telecommunication equipment by 2022. For this purpose, Telecom Equipment Manufacturing Council (TEMC), should identify and recommend specific areas of priorities.” The import of telecom instruments was far greater than the export of such items. Statistics show that the export of telecom instrument is $1,201.7 million in the year 2017-18 on the contrary imports totaled $21,847.92 million.

It was stated by the TRAI that “the regulator has suggested that the progress of indigenous telecommunication equipment manufacturing be monitored by Department of Telecommunications (DoT). “A dedicated unit in DoT should be made responsible for the facilitation and monitoring of telecommunication equipment design, development, and manufacturing in the country”. TRAI will create a Telecom Research and Development Fund of Rs. 1,000 crore for promoting research, innovation, standardization, design, testing, certification and manufacturing of equipment.  Also, there will be the setting up of Telecom Entrepreneurship Promotion Fund and Telecom Manufacturing Promotion Fund that will further help in fulfilling the objective.

Section Editor: Shilpa Rani | 05 Aug 2018 16:56pm IST


Tags : #India #TRAI #ZeroImport #Manufacturing #GlobalHub

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