According to the Telecom Regulatory Authority of India (TRAI), India is poised to play a decisive role in the 5G era, given inherent strengths in digital and software capabilities.
Further, it added that a liberal foreign direct investment (FDI) regime, progressive manufacturing programmes, and resolve for self-reliance would usher large investments and growth in the telecom market.
As per TRAI, the heavy dependence on telecom equipment import has been a point of concern, given financial impact and security implications, and a well-planned and focused approach on indigenous production will be the way forward. This particularly so, as existing global supply chains are getting disrupted and new opportunities are emerging in telecom development.
Given the skill base in India, the scale of domestic market and technology orientation, India presents an attractive option for global manufacturers, TRAI said.
