Search Result for : Telecom Sector

The Dollar Buisness Bureau The Minister of Communications Manoj Sinha said that the Indian telecom industry has seen a paradigm shift from a voice centric market to a data-centric market. While voice business still contributes a large chunk towards operator revenues, data revenues have shown an exponential growth trajectory over the last few years. Speaking at a Workshop on Telecom India, the Minister said that by the end of 2016 the number of internet subscribers in India was 391.50 million making India globally the 2nd highest in terms of internet users. He said that mobile data traffic also grew by 76% in India in 2016 which was primarily attributed to increased smart phone penetration. This growing usage of smart phones, especially in urban ...

The Dollar Business Bureau  Ajay Kumar Bhalla, the Director General of Foreign Trade will be leaving the charge of Directorate General of Foreign Trade (DGFT) on June 30.  Bhalla, a 1984 batch IAS officer of the Assam-Meghalaya cadre who earlier served as the Additional Secretary in the Ministry of Commerce, will be joining as the new Power Secretary. He will take over the new charge from Power Secretary P K Pujari, who is retiring on June 30.  “The new name for the post of DGFT has not yet been decided. It will be decided within a day or two,” sources in DGFT office told The Dollar Business.  Bhalla, who had taken the charge in October 2016, is the fourth DGFT to leave the post ...

The Dollar Business Bureau Aditya Birla Group on Tuesday announced it has received the banking license from the Reserve Bank of India (RBI) to operate its joint venture Aditya Birla Idea Payments Bank Ltd. Kumar Mangalam Birla-led outfit Aditya Birla Nuvo had earlier set up a joint venture with the other telecom major Idea Cellular to start payments bank services in the country. Aditya Birla Nuvo and Idea Cellular will hold 51:49 shares in the joint venture payment bank. "... the Reserve Bank of India... has granted a licence to Aditya Birla Idea Payments Bank Ltd to carry on the business of payments bank in India," Aditya Birla Nuvo said in a statement. Earlier last year, Airtel and India Post had formed a joint ...

The Dollar Business Bureau The Telecom Regulatory Authority of India (TRAI) underscored the need to identify some of that bottlenecks that are obstructing the functioning of telecom business growth in India and pointed out some growth-oriented steps including license acquisition, spectrum allotment and mergers to be reviewed to make the process simpler. "...the Authority is of the opinion that various processes that a telecom licensee is required to go through should be simplified and combined to the extent possible to economise on efforts on part of the Telecom Service Providers (TSPs) as well as the government," TRAI said. The regulator said regulatory intervention was important to encourage "ease of doing telecom business" in India. Some of the processes “include procedures related to the ...

The Dollar Business Bureau The delay in catching up with the world on 3G and 4G, the Telecom Secretary, J S Deepak says, will not be repeated for 5G. "It has a wider application for the industry including smart cities and management of grids. So we are keen to be with the world," he explained, stating that 5G is going to be important for India's productivity. South Korea is poised to introduce 5G by 2018, the year it is hosting the Winter Olympics. In order to stay ahead of the curve on the fifth generation data services, the government is keen on formulating a policy for the use of high-frequency spectrum bands before July. "In the next three months, we ...

The Dollar Business Bureau International companies can leverage the “expertise and experiences” of India’s telecom industry for offering cost-effective solutions in their domestic markets, Telecom Minister Manoj Sinha said. “We can genuinely plan for making the world a better place to live, with intelligent and smart services, with quality equipment and better service delivery. With our experiences and expertise it will be easier for you to achieve this target,” Sinha said after inaugurating the 8th Telecom Export Promotion Council's Buyer-Seller meet on Monday.He further said that Indian industry’s experience of taking the communication technology to remotest corners of the country at reasonable prices can be leveraged by companies to offer cost-effective solutions in their countries. Around 28 countries from South-East Asia, South Asia, ...

Sharath Chowdary With the increase in internet usage, online payment systems and rapid development in the telecom sector, the e-commerce business is flourishing globally. India is also witnessing a positive trend with favourable investment climate, incubators and start-ups. But, unfortunately the Small and medium-sized enterprises (SMEs) in the country are not participating actively in this growth story. “The retail showrooms are following the marketing style of online shopping portals and sending message alerts to the customers about their offers. The brick-and-mortar stores are facing pressure from the e-commerce firms. Slowly, the heat will come to SMEs also. Instead of viewing it as a threat, see it as an opportunity. This e-commerce platform provides a gateway to new avenues,” Telangana ITEC Secretary Jayesh Ranjan said. Jayesh Ranjan ...

 The Dollar Business Bureau “The Digital India, Make in India and Skill India programs provide an ideal platform for Indian companies to build a foundation for domestic success which can be used for exports,” said Ravi Shankar Prasad, The Union Minister of Communication and Information Technology. “India had proven its capabilities in the ICT Sector as a preferred destination for services and outsourced R&D,” he said on the side-lines of inaugurating the Buyer Seller Meet and added, “in the backdrop of large domestic demand for the telecom equipment’s in India, Indian companies are now using innovation and R&D to create world class products for India as well as for other emerging markets having similar needs.” He said that ...