Sunil Mittal announces investment of Rs.18000 cr towards infra

Sunil Mittal announces investment of Rs.18000 cr towards infra

Market leader Bharti Airtel will be investing almost Rs 20,000 crore this year and looks forward to collaborating with Mukesh Ambani's Reliance Jio in future, Bharti Airtel chairman Sunil Mittal Wednesday said at the India Mobile Congress 2017.

Sunil Mittal made this announcement at the India Mobile Congress (IMC) 2017 in the presence of Reliance Jio Chairman Mukesh Ambani.

"As long as you and Ambani continue to refer to each other as friends, industry will be okay", Rajan Mathews, president of the Cellular Operators Association of India, said, much to the amusement of the audience. He was speaking at the India Mobile Congress. Mittal termed the country as an emerging showcase for digital technology and said: "India's time has come and each large tech honcho is looking at India". "So almost ₹ 50,000- ₹ 60,000 crore is going in this year to build hard digital infrastructure", he said.

"Government should come forward to help us in Right of Way (RoW) as permissions don't come easily while rolling out infrastructure", Mittal said.

"There's generally an accusation on the Indian industry for the last two or three years that we don't invest enough".

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Mittal said the telecom industry is offering "yeoman service" and infusing large amounts of money in strengthening infrastructure. Mukesh (Ambani) is putting up a lot of investment and I am sure other telecom players are as well. "State governments, municipalities and local authorities must understand the power of Digital India and support what we are trying to do, as per the vision of the Prime Minister", he said.

Mittal was equally pacifist: "As Mukesh pointed out, none of us can do it alone".

"As one of the few commercial deployments of Massive MIMO globally, the deployment puts India on the world map of technology advancement and digital revolution", it said. "We have to build India's digital dream and that is what we are working on".

"We must break silos and forge partnerships".

The move comes at a time when the government has formed a high-level forum to guide India to start 5G service by 2020, a technology that will deliver wireless broadband speed of about 10,000 mbps in urban areas and 1,000 mbps in rural belts. No corporate, nor the government, can do it alone. Reliance Jio has also argued against a relief of bailout package for the telecom sector that is being considered by the government. Our latest deployment of Massive Mimo will help us serve this demand and would also give an impetus to build a future-ready network.