According to Ashwini Vaishnaw, Union Minister of Communications, Electronics and Information Technology and Railways, India’s telecom industry is likely to see an investment of Rs 2-3 trillion in the next two years. Citing reasons to this end, the minister asserted that the aforesaid investment comes in the backdrop of the confidence fostered in investors of telecom sector as the government has removed uncertainty and risks, and has provided a stable investment regime.

Providing further details, Vaishnaw noted that the investments can be expected to be infused into fourth and fifth generation technologies in a bid improve voice quality and offer high-speed data.

Meanwhile, on 5G tariff front, the minister noted that the tariff would remain affordable. Besides powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), 5G technology would enable solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming, among others.