India targets Rs 62K cr from telecom exports

With telecom sector growth on the fast track, the Centre is targeting to increase exports of telecom products and services to $10 billion in the next five years.

“We are targeting that exports of telecom products and services should cross $10 billion in the next five years,” Telecom Secretary Rakesh Garg said here at a business meet organised by the Telecom Equipment and Services Export Promotion Council (TEPC).

The council was established by the Ministry of Commerce and Industry, and the Ministry of Communications and IT, to promote and develop export of telecom equipment and services.
India’s telecom exports currently stand around Rs 32,000 crore, of which Rs 20,000 crore is from products and equipment, while the balance Rs 12,000 crore is from services. The government is offering various sops to industry to boost domestic manufacturing in the field of electronics.

Garg said India’s ability to innovate frugally and develop world-class telecom equipment is helping operators to offer services at very low costs.