Govt investing $30 bn in creating 4G, 5G infra in rural India: IT Minister - Mumbai News

Mumbai, Sep 22 (IANS) IT Minister Ashwini Vaishnaw on Thursday said the government is investing nearly $30 billion to ensure last-mile network accessibility for 4G and 5G in every village across the country and build a robust digital infrastructure in the rural areas.

by IANS | Updated Sep 22, 2022

Govt investing $30 bn in creating 4G, 5G infra in rural India: IT Minister - Mumbai News

Speaking at the 'Global Fintech Fest 2022', Vaishnaw said the government has reached out to over 1.5 lakh gram panchayats to date.

"We are now creating a whole ecosystem of village entrepreneurs, channelising the energies of youngsters to take good quality, high-speed data connectivity to every village in the country while making them a part of the growth journey," the minister emphasised.

"We have tested this model and approximately 80,000 new connections are now being facilitated every month," he added.

Vaishnaw said there are three key areas in fintech for the government - building a robust digital infrastructure and a digital regulatory framework, along with social inclusion and the societal imperatives around it.

Sharing his views on the digital regulatory framework, the minister said that telecom is the very foundation of Digital India.

"Prime Minister Narendra Modi has given us a clear mandate to overhaul our digital regulatory framework such that it is globally benchmarked and endorses global competitiveness," said Vaishnaw.

Talking about the integration of payment systems across the transportation sectors, he said that while a project was taken up on common mobility, "the way technology has evolved over the last 5-10 years, I think instead of a card, probably the mobile phone itself will become the common integrating factor".

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

Related Articles

  • Sitharaman criticises states seeking more funds, says 'You Me' culture won't work
  • Akasa Air adds Agartala and Guwahati to its network
  • Foreign trade policy extended by six months more
  • Restore pre-Covid global air freighter services at Hyderabad: FTCCI to ministry
  • WAPCOS Ltd, under Jal Shakti Ministry, files for IPO
  • Mining policy should correlate with geopolitics: KPMG report
  • Markets warn pound slump could lead UK interest rates to triple by next year
  • Fears of Bank of England emergency interest rate hike to 'prop up' plunging pound
  • Vistara introduces a fully automated crew rostering solution
  • Rupee plunges 63 paise to close at new record low