India’s biggest spectrum auction, which will give the way for high-speed 5G services, is likely to conclude by July-end and the rollout is expect by September this year, union Telecom and IT Minister Ashwini Vaishnaw said.
The Cabinet has approve 5G spectrum auction which is schedule to begin from 26th July 2022.
IT Minister Ashwini Vaishnaw Said :
“5G spectrum auction process has started today. We should see the auction process completing by end of July, which is what our scheduled target date was. Telecom companies are already working in parallel to set up the entire infrastructure,”.
The 5G services are expect to be roll out by August-September.
Ashwini Vaishnaw Said :
“Auction is in time. July was the timeframe for auction. August-September was timeframe to begin rollout,”.
IT Minister Ashwini Vaishnaw is attending a technology event in Paris where he inaugurated the India pavilion which is hosting 65 startups from the country.
Ashwini Vaishnaw at Vivatech sign an agreement with Lyra Network of France for acceptance of UPI and RuPay card in the European country.
As part of our public digital platform strategy, UPI is one platform which has widely recognise as a highly successful payments platform.
IT Minister Ashwini Vaishnaw Said :
“Europe is interested in it and today an MoU has been signed between between UPI and a payment settlement organisation of France so that they can also utilise UPI protocol in Europe. In a sense, we in India are now exporting our soft power to the world,”.
Another agreement was sign between Vizag-based Medical Technology Park and FIEN (Federation Indo European Du Numerique) of France for promotion of investments in Indian MedTech startups, increasing market access to Indian MedTech products in European markets and joint work on advancement in augmented reality, synthetic biology and innovation.
IT Minister Ashwini Vaishnaw said Prime Minister Narendra Modi’s vision is very clear that the figure of 100 unicorns in the country should now increase and India’s position as the third-largest startup ecosystem should now further consolidate.
Ashwini Vaishnaw Said :
“Our startups have started emerging from tier-two and tier-three cities. That process also has to go forward in a very big way. In future, the startups have to come more and more from smaller places,”.
IT Minister Ashwini Vaishnaw also said women’s participation in the Indian startup story is growing and needs to increase further.
