Government approves new telecom policy aimed at attracting $100 billion investment

WION Web Team
Delhi, India Published: Sep 26, 2018, 02:05 PM(IST)

4G download speed in India happens to be the slowest across 88 countries Photograph:( Zee News Network )

Story highlights

The policy draft promised to rationalise levies such as spectrum charges to rejuvenate debt-ridden telecom sector. 

Prime Minister Narendra Modi-led cabinet on Wednesday cleared a new telecom policy, news agency PTI reported. 

According to reports, the new policy is aimed at attracting $100 billion investments and creating around 4 million jobs in the sector by the year 2022. 

The policy, named National Digital Communications Policy (NDCP) 2018, is focused on increasing high-speed broadband penetration, with use of modern technologies like 5G and optical fibres across the country at affordable rates, PTI reported. 

The policy draft promised to rationalise levies such as spectrum charges to rejuvenate debt-ridden telecom sector.

The new telecom policy also seeks to provide broadband access to all with 50 megabit per second speed, 5G services.

The telecom service segment is reeling under a debt of around Rs Rs 7.8 lakh crore owing to high spectrum price and related charges.

The new policy draft proposes the adoption of "Optimal Pricing of Spectrum" to ensure sustainable and affordable access to digital communications in the country. 

(With inputs from PTI

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