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Govt to invest $30 billion in creating 4G, 5G infra in rural India: IT Minister

Govt to invest $30 billion in creating 4G, 5G infra in rural India: IT Minister Image
  • Posted on 23rd Sep, 2022 04:38 AM
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Govt to invest $30 billion in creating 4G, 5G infra in rural India: IT Minister IT Minister Ashwini Vaishnaw on Thursday said the government is investing nearly $30 billion to ensure last-mile network accessibility for 4G and 5G in every village across the country and build a robust digital infrastructure in the

IT Minister Ashwini Vaishnaw on Thursday said the government is investing nearly $30 billion to ensure last-mile network accessibility for 4G and 5G in every village across the country and build a robust digital infrastructure in the rural areas. Also Read - 5G services to roll out in India by October 12, says Union Minister Ashwini Vaishnaw

Speaking at the ‘Global Fintech Fest 2022’, Vaishnaw said the government has reached out to over 1.5 lakh gram panchayats to date. Also Read - New Data Protection Bill draft will be shared for public consultation soon: Ashwini Vaishnaw

“We are now creating a whole ecosystem of village entrepreneurs, channelising the energies of youngsters to take good quality, high-speed data connectivity to every village in the country while making them a part of the growth journey,” the minister emphasised. Also Read - BSNL to deploy 5G connectivity in India in 2023: Ashwini Vaishnaw

“We have tested this model and approximately 80,000 new connections are now being facilitated every month,” he added.

Vaishnaw said there are three key areas in fintech for the government – building a robust digital infrastructure and a digital regulatory framework, along with social inclusion and the societal imperatives around it.

Sharing his views on the digital regulatory framework, the minister said that telecom is the very foundation of Digital India.

“Prime Minister Narendra Modi has given us a clear mandate to overhaul our digital regulatory framework such that it is globally benchmarked and endorses global competitiveness,” said Vaishnaw.

Talking about the integration of payment systems across the transportation sectors, he said that while a project was taken up on common mobility, “the way technology has evolved over the last 5-10 years, I think instead of a card, probably the mobile phone itself will become the common integrating factor”.

Govt to invest $30 billion in creating 4G, 5G infra in rural India: IT Minister View Story