Mr. R. Sridharan, Chief Executive Officer, Birla Cable Ltd. and President, Vindhya Telelinks Ltd., M.P. Birla Group, says, “the Honourable Finance Minister has announced about covering the entire country by laying optical fibre cables for the creation of quality broadband infrastructure”.
First of all, the Budget 2022-23 has given a thrust and intention by the Government of India to create quality infrastructure in the country with the ultimate aim of providing sustainable employment opportunities to all strata of our society.
Especially for the telecom sector, the Honourable Finance Minister has announced about covering the entire country by laying optical fibre cables for the creation of quality broadband infrastructure, thereby proposing to bridge the urban-rural digital divide and ultimately driving the digital mission in achieving important goals for the country. This should augur well for the leading optical fibre cable manufacturing companies like ours.
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Also, the upcoming 5G spectrum auction during the year 2022 by the government and the subsequently planned rollout of 5G services in 2023 should also bring big impetus to the telecom sector.
The announcement of various PLI schemes especially in the 5G equipment-related R&D initiatives, related services, and other drives by the government should propel the infrastructure creation in the country to the next level thereby improving the economy of the country to the desired benchmarks.
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To make our country self-reliant, the announcement of various initiatives in sectors like defence will attract huge investments which should definitely pave the way for the creation of more employment opportunities for the educated youth. Overall, it is a good start to rebuild the economy after the conditions gone through by the country due to the COVID-19 pandemic.
