Speaking at the recently concluded ETTelecom 5G Congress event Dr. Badri Gomatam, Group CTO, STL said, “…there is always a talent pool available for us to build..in fact, this is the talent that we have used to build a very robust fiber and optical connectivity in the engineering ecosystem over the past years, then we will be relying on that talent pool to bring us to the 5g to the manufacturing scale that we will see for OpenRAN.”
He added that India has the right practices to make it globally very competitive.
The Cabinet recently detailed out that the production linked incentive scheme (PLI) in telecom equipment manufacturing will have an outlay of Rs 12,195 crore and over five years will lead to production of Rs 2.4 lakh crores. This scheme will lead to exports of about Rs 2 lakh crore and will bring investment of more than Rs 3,000 crore and generate huge direct and indirect employment and taxes both.
The scheme which will generate large direct and indirect employment comes at a time when the sector is awaiting 5G services. A boost to the handset development will now enable India to manufacture 5G ready phones.
Gear makers, in turn, are hopeful the new PLI scheme will incentivise companies that do higher levels of local value-addition and spend more on R&D-related capex.