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Government’s target of $100 billion investment conservative, says COAI

May 07, 2018

According to the Cellular Operators Authority of India (COAI), the government's plan to attract $100 billion investment in the telecom sector by 2022 is conservative.

According to the COAI, two telecom operators, Bharti Airtel and Reliance Jio Infocomm Limited (RJIL), have committed to invest Rs 740 billion this year alone, which is more than 10 per cent of the total government estimate.

The government has recently released the draft of the new telecom policy (NTP), which aims to create 4 million new jobs by 2022 and attract $100 billion investment in the sector. The NTP aims to ensure broadband coverage at 50 Mbps for every citizen and also address the woes of debt-ridden telecom sector by reviewing licence fees, spectrum usage charges, universal service obligation fund levy.

As per the COAI, if the policy gets implemented as proposed in the draft, the sector will be able to attract huge amount of foreign direct investment (FDI).


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