Telecom minister Ashwini Vaishnaw has said that the government is looking to overhaul the regulatory structure to facilitate development of technology and interaction with industry as a partner and not as adversaries.
At a recent industry event, the minister noted that not much has been done as of now but work needs to be put in this direction to continue the development of the technology stack and for adding more and more startups to it because this is a market which can create future generations of entrepreneurs.
Vaishnaw further noted that a consortium of 11 institutions including IIT Chennai, IIT Kanpur, IIT Bombay, IISc Bangalore has created 4G technology in 14 months with expenditure of about $30 million which is a very small fraction of the cost at which dominant players in the telecom sector have created the technology.
Moreover, 35 Indian telecom companies are now looking to export their products overseas, he added.
