5G To Bring $1 trillion Worth Of Economic Impact: Manoj Sinha

- Advertisement -

He says India will position itself as a globally syncronised participant in manufacturing and development of 5G based technologies, products and applications.

The economic impact of 5G is estimated to be over one trillion dollars for India, which is aggressively positioning itself to be at the forefront of the new age technologies, Communications Minister Manoj Sinha said on Tuesday. 

- Advertisement -

Vowing that India will “not miss the 5G bus”, the Minister outlined the country’s strides in telecom over the last five years, highlighting the spike in data consumption, broadband user base, and low tariffs. He also said that ensuring safety and sovereignty of digital networks will be a priority for the government. 

5G – The real game changer
Sinha said that while India is gearing up for the next wave of digital transformation, it is also important to ensure the safety, security and sovereignty of digital communications. He further said that it is important to focus on security testing and establish appropriate security standards. The facility will work on security requirements and also facilitate development of testing and certification ecosystem in the country, informed Sinha.

Terming 5G as a “gamechanger”, the Minister said that flagship government programmes like Digital India and Smart Cities will ride on 5G. He underscored the need for promoting investments to build underlying infrastructure that would make 5G a success, and added that a working group has been constituted to initiate implementation of recommendations of high level forum on 5G that had submitted its report in August 2018. 

Sinha also said that the government is in favour of policies and regulations that will facilitate development of 5G based technologies and services. He further added that India will position itself as a globally syncronised participant in manufacturing and development of 5G based technologies, products and applications. 

- Advertisement -

Most Popular Articles

Advanced Energy Opens New Facility In Greater Boston

0
Aiming to support local talent and innovation in the Boston tech corridor, Power electronics manufacturer Advanced Energy has opened a new design and service...

Zoho Group CEO Debunks Reports Of Setting up New Silicon Carbide Unit In Odisha

0
According to Vembu, the reports are based out of media speculation because the investment proposal is yet to be approved internally by the company. Hours...

EV Sales In Europe See Steepest Annual Drop Since 2017

0
In August 2024, Europe saw sales of 125,070 electric vehicles (EVs), a 36% year-over-year decrease and the most significant decline since January 2017. Consequently,...

Greaves Electric Mobility Expands Ampere Range With Dealers

0
After receiving government incentive approval, Greaves Electric Mobility invites new dealers to expand its Ampere range, looking for better customer experience and affordability. Greaves Electric...

TSMC Arizona Unit Starts Producing Apple’s Latest A16 SoC Using 5-nm Process

0
Apple A16 chips with 5nm process produced in TSMC Arizona plant are likely to be used in upcoming iPads, and the next generation iPhone...
Sirajuddin Ali, Founder and CEO of Malitra

“We Need Changes In National Building Codes, Along With Stringent Guidelines For Existing Buildings...

0
What are the policy shifts that could drive the expansion of India's EV ecosystem? Sirajuddin Ali, Founder and CEO of Malitra, an EV charging...
Narayan Kumar, Divisional Director - Industrial Devices Division, Panasonic Life Solutions India

“Automotive Is Currently Dominant; Infrastructure, ICT, Factory Automation Poised For Growth” – Narayan Kumar,...

0
In a discussion with EFY, Narayan Kumar, Divisional Director of Panasonic Life Solutions India's Industrial Devices Division (INDD), shared insights on the company's strategy...
Brajendra Singh Tomar CEO and Founder of Finayo

“Leasing Companies Critical For EV Adoption In The B2B Vertical” – Brajendra Singh Tomar,...

0
Why do electric rickshaws outsell L-category electric three-wheelers in rural and semi-rural areas? Is there potential for change? Brajendra Singh Tomar, CEO and Founder...
Naresh Neelakantan Global Nexus

“Cyber attack On A Vehicle Is An Attack On The OEM’s Image” – Naresh...

0
With the ongoing rapid evolution in the automotive arena, are cyberattack threats also increasing? Moreover, are software defined vehicles (SDVs) equipped to counter these...
Pradeep Palelli co-founder and CEO of Thanos Technologies

“Drones Represent High Technology And Are High-Ticket Items” – Pradeep Palelli, Co-Founder and CEO...

0
Three thousand – not a nod to Iron Man's love for his daughter, but the annual production capacity of spraying agri-drones at Thanos Technologies’...

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

Thinker bell’s Self-Learning And Remote-Enabled Braille Literacy Device

0
Bengaluru-based startup Thinkerbell Labs Pvt Ltd was founded by Dilip Ramesh, Sanskriti Dawle, Aman Srivastava, and Saif Shaikh in 2016. For many years, Braille has...

Mukunda Foods: From QSRTo Kitchen Technology Expert

0
Mukunda Foods, originally a QSR, evolved into a kitchen technology expert, simplifying kitchen operations through automation. Established in 2012 by Eshwar K Vikas and Sudeep...

Industry's Buzz

Learn From Leaders

Startups