The Union Cabinet Approves New Telecom Policy Aims To Attract $100 billion Investment

| September 26 , 2018 , 19:11 IST

The Union Cabinet approved a new telecom policy on Wednesday which is termed as National Digital Communications Policy (NDCP) 2018, designed to attract USD 100 billion investment and to create 4 million jobs in the sector by the year 2022.

The Union Communication Minister Manoj Sinha has announced the new policy to provide "broadband to all."

It is learnt that the policy, aims at providing universal availability of 50 megabits per second (Mbps) and attracting investments worth $100 billion, was approved by the Telecom Commission in July after the government came out with a draft policy in May.

According to the draft of the policy, NDCP is focused on increasing high-speed broadband penetration, with use of modern technologies like 5G and optical fibres across the country at affordable rates.

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The policy has also included provisions to adopt "Optimal Pricing of Spectrum" to ensure sustainable and affordable access to digital communications. High spectrum price and related charges have been the main concern of telecom services segment, which is reeling under a debt of around ₹7.8 lakh crore.

Speaking to media, Manoj Sinha after the cabinet meeting said that among other targets the policy aims to "provide broadband to all and create 40 lakh jobs". It also aims at providing a "ubiquitous, resilient, secure and affordable" digital communication services.

Further, the policy aims at providing 1 Gbps (gigabits per second) connectivity to all "Gram Panchayats" by 2020 and 10 Gbps by 2022.

It plans to propel India to the top 50 nations in the Information and Communication Technology Development Index of the International Telecommunication Union from 134 in 2017, enhancing the country's contribution to global value chains and ensuring digital sovereignty, Union Communication minister added.