HFCL Limited has won a purchase order worth Rs 6.23 billion for the supply of indigenously manufactured 5G network equipment.
HFCL said that the global 5G last-mile equipment market is projected to reach $68 billion by 2030. This is set to play a significant role in the global surge in 5G technology demand, projected to witness a remarkable compound annual growth rate (CAGR) of 48.3 per cent.
Furthermore, as per HFCL, India has seen the fastest 5G rollout in the world and the market for SG equipment remains strong in the country.
