The new telecom policy, which was approved by the government is keenly focussed on the issue of the financial health of the industry, said Rajan Mathews, director general, Cellular Operators Association of India (COAI).
The Industry is very supportive and all stakeholders were involved in the process, so this is really an excellent document that has come out, said Mathews.
After holding intense deliberations for over six months, the Narendra Modi government has finally cleared the new telecom policy, now named National Digital Communications Policy (NDCP) 2018, which aims to attract $100 billion investment and create four million jobs in the sector by 2022.
"When you look at the private sector, the domestic banks are not in a great shape to lend this amount of money so you are really looking at foreign direct investments and it is going to be a key ingredient of having to attract $100 billion plus,” Mathews added.
The draft promised to rationalise levies such as spectrum charges to rejuvenate debt-ridden telecom sector, the proposed new telecom policy seeks to provide broadband access to all with 50 megabit per second speed, 5G services and create 40 lakh new jobs by 2022.