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Home / Corporate Law News / Cabinet has cleared New Telecom Policy to attract $100 Billion Investments

Cabinet has cleared New Telecom Policy to attract $100 Billion Investments

September 26,2018:

On Wednesday, Cabinet approved New Telecom Policy, now named as National Digital Communications Policy (NDCP) 2018, which aims to attract USD 100 Billion investment and create 4 Million jobs in the Sector by 2022.

TRAI
TRAI

According to Draft of 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.

Draft promised to rationalise levies such as spectrum charges to rejuvenate debt-ridden telecom sector.

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.

It included provisions to adopt “Optimal Pricing of Spectrum” to ensure sustainable and affordable acces to digital communications.

High spectrum price and related charges have been main concern of telecom services segment, which is reeling under a debt of around Rs 7.8 lakh crore.

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