BUSINESS
Telecom minister Manoj Sinha today said the government is aware of stress related to balance sheet of telecom operators and is working around it.
Telecom minister Manoj Sinha today said the government is aware of stress related to balance sheet of telecom operators and is working around it.
"The growth is happening. There are certain concerns around the balance sheet of some companies...The government is aware of it and has constituted a inter-ministerial panel to debate all the issues. The panel has already held its first meeting," Sinha said at curtain raiser event of the India Mobile Congress today.
The telecom industry has started requesting for a bail- out package for mobile operators whose balance sheets are now heading south.
Telecom operator Reliance Communications has not been able to service debt obligations and has sought time from lenders till September-end to make payment.
Sinha appreciated efforts of private telecom players and said the Indian telecom sector is a success story with lots of growth opportunities.
He said the India Mobile Congress will open up investment opportunities in the country's telecom sector and lead to new avenues in future technologies.
"We have been feeling the need to hold such an event in India for a long time. We hope that like the Mobile World Congress, this event too will establish its significance in the coming days," Sinha said.
India is all set to host its own mobile mega show 'India Mobile Congress' from September 27-29 to showcase the country's growing prowess in the global telecom market.
The event to be held in New Delhi is being billed as India's answer to high profile and marquee mobile shows that are held annually in markets like Shanghai and Barcelona.
Countries like the US, the UK, Sweden, Finland, Germany, Korea, the Phillippines, Bhutan and Japan have evinced interest in participating and creating awareness around the upcoming event, COAI director general Rajan Mathews said.
"We have GSMA Barcelona that focuses primarily on the West...We never had a marquee event here that showcases the opportunities in India. The South East Asia region has much to learn from what is happening in India on the policy front and manufacturing...how we share infrastructure and how we provide affordable services," Mathews said.
India's experiences with regard to mobile payment, e- health and e-education have a global relevance, he said adding that the event would also highlight the country's innovation, skill base and the startup ecosystem.
Indian Cellular Association National President Pankaj Mohindroo said the mobile industry was also planning a global event for handset companies at the end of this year but it will now advance the dates of the event so that it coincides with India Mobile Congress.
"Our vision is that 40 per cent of global mobile phones should be made in India. 80 companies in the field of mobile manufacturing have set up their plants in India. Now we have decided to move World Mobile manufacturing conclave along with India Mobile Congress so that it looks like a National Event," Mohindroo said.
The Department of Telecom and the Ministry of Electronics and IT have thrown their weight behind the event which is being organised by the industry association COAI and K AND D Communications.
The 'India Mobile Congress' with special focus on reaching out to the Asian markets will see technology titans converge to offer a peek into the digital future.
The conference at the upcoming event will have special emphasis on topics like Internet governance, 5G, sustainable Wi-fi, smart cities and smart governance and Internet of Things and Machine to Machine Communication.
India Mobile Congress is expected to see the participation of telecom giants like Huawei, Ericsson, Nokia, as well as telecom operators like Bharti Airtel, Vodafone and Idea Cellular.
The three-day event is expected to draw 5,000 paid participants and 800 exhibitors.
Countries like the US, the UK, Sweden, Finland, Germany, Korea, the Philippines, Bhutan and Japan have evinced interest in participating and creating awareness around the upcoming event, COAI director general Rajan Mathews said.
"We have GSMA Barcelona that focuses primarily on the West...We never had a marquee event here that showcases the opportunities in India. The South East Asia region has much to learn from what is happening in India on the policy front and manufacturing...how we share infrastructure and how we provide affordable services," Mathews said.
India's experiences with regard to mobile payment, e- health and e-education have a global relevance, he said adding that the event would also highlight the country's innovation, skill base and the start up ecosystem.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
UP Court summons Rahul Gandhi on March 24 over 2022 remarks against Army
Indian consulate in Marseille to strengthen 'people-to-people ties': PM Modi
India’s Top 5 Richest YouTubers: Know who’s earning more than Samay Raina and Ranveer Allahbadia?
Mukesh Ambani, Sunil Mittal are working to revolutionise mobile calling in India by...
DNA TV Show: UP CM Yogi Adityanath's multi-level plan for Maghi Purnima
Tejasswi Prakash reveals why she joined Celebrity MasterChef: 'I am obsessed with...'
Delhi-NCR schools holiday: Delhi, Noida, Gurugram, Ghaziabad, schools closed tomorrow due to...
'We can teach children AI but...': Sudha Murty urges govt to provide funds to schools to promote...
THIS startup gives whopping bonus to employees for loyalty, they get Rs...
JEE Main 2025 Toppers List Released: Meet 14 candidates who scored 100 percentile this year
JEE Main Result 2025 DECLARED: Get direct link, steps to check NTA score and other details HERE
SHOCKING! Noida family held under ‘digital arrest’ for 5 days, loses Rs 1 crore to cyber fraud
Ranveer Singh, Akshaye Khanna shoot for Aditya Dhar's Dhurandhar in Mumbai, pictures get leaked
Why are hobby classes integral to Podar International School’s curriculum in Khopoli?
Mukesh Ambani buys Rs 6437604000 stake in THIS cricket team, not Mumbai Indians
World's richest man Elon Musk loses Rs 789330000000 in four days, net worth slips below Rs...
'Need global standards': PM Modi pushes for AI governance at Paris AI Summit
Ashutosh Rana slams Prabhas, Saif Ali Khan-starrer Adipurush: 'Audiences will not accept...'
Ahead of PM Modi-Donald Trump meet, India considers cutting tariffs on THESE items imported from US
Communication platforms are fast evolving into super apps
Mumbai Police reaches Ranveer Allahbadia's home in connection to India's Got Latent controversy
Junaid Khan says Aamir Khan, Reena Dutta spent ‘ridongculous’ amount on his...
Rohit Sharma, Rishabh Pant's warm gesture towards kid wins internet, watch viral video
Ajith Kumar recalls 'bad crash’ ahead of Portugal race: ‘When I crashed...'
India's Got Latent episode feat Ranveer Allahbadia blocked after government orders
Samay Raina performs in Seattle, enjoys with friends amid Ranveer Allahbadia controversy
Good news for Gautam Adani as Adani stocks rally up to 4.5% due to Donald Trump's this BIG move...
Amid rumours of dissent, AAP chief Arvind Kejriwal holds meeting with Punjab CM Mann, MLAs in Delhi
Woman makes 'Valentine edition parantha' for husband, netizens amused, watch viral video
How cashless treatment and telemedicine are transforming health insurance plans in India?
Top 3 astrologers of India: Newly updated list of 2025
A complete guide to documents needed for a personal loan
Mitolyn Reviews and Complaints - Mitolyn Supplement - Mitolyn Reviews Consumer Reports
Muslim wedding card goes viral for THIS bizarre reason, leaves netizens amused, check here
Surat: School students parade luxury cars to celebrate farewell, probe underway, watch viral video
Elon Musk offers this huge amount to buy ChatGPT maker OpenAI, Sam Altman says 'no thank you but...'
Pune: Pakistani currency note found in housing society near National Defence Academy; probe on
YouTube removes Ranveer Allahbadia's controversial video after Modi government's notice
Here's why Not Like Us singer Kendrick Lamar won't get paid for Super Bowl Halftime Show performance
Meet Samay Raina, creator of India's Got Latent, accused of promoting vulgarity, he is from...
Bank Holiday February 2025: Banks to remain closed in THIS state today due to...
Donald Trump issues BIG warning to Hamas, says 'all hell will break out' if...
Anil Ambani's RCap buy: Hinduja Group firm set to acquire debt-ridden Reliance Capital by THIS date
Meet man, MBA graduate from Harvard, who leads one of world’s big tech firms as CEO, he is...
Delhi-Dehradun Expressway opens, check travel time, toll fee and more
What happens during Snow Moon and when does it appear? Check dates and when to see
‘RBI’s gold buying is...’: FM Nirmala Sitharaman talks about rising gold reserves by central bank
Meet the Muslim king all set to challenge Donald Trump over Gaza, he is from...