Indian ICT products in ASEAN
India has offered to secure ICT products for ASEAN countries at competitive costs and pledged to share “know how” and “know why” with New Delhi assuring its willing to provide long-term financing for buying Indian telecom products and services.
Inaugurating the India Telecom-2017 in New Delhi on 20 February 2017, #Minister of Communications Manoj Sinha said that Indian Telecom companies are willing to share technologies and enter into joint production ventures to develop entire telecom eco-system in any of the South East Asian host country.
In the event organized to commemorate the 25th year of the ASEAN-India relations, the Minister urged the participating countries to ensure that Indian telecom products and services should become their number one choice as they accelerate the digital connectivity initiatives.
Sinha delivering the inaugural address at the #ASEAN India Digital Connectivity Summit, in New Delhi on February 20, 2017, reiterated Prime Minister Narendra Modi’s offer of a US$1 billion Line of Credit to promote projects that support physical and digital connectivity between India and ASEAN. Modi made the commitment during the 13th ASEAN-India Summit in November, 2015.
The Minister said that both the sides have complementary skills, huge markets and capacity to develop new technology and products to serve the people.
Sinha said that Indian communications industry has made great progress over the last decade and with an overall tele-density of 88 and rural tele-density of 53, India has the second largest telecommunications network in the world.
Referring to one of the lowest mobile tariffs in the world, Sinha said that India has already overtaken the United States to become the world’s 2nd largest Internet market, with more than 220 million Broadband subscribers and more than 450 million users, only behind China.
TEPC (Telecom Equipment and Services Export Promotion Council) is organizing the two-day event (20-21 February) with telecom ministers, senior government officials and industry leaders from Myanmar, Thailand, Singapore, Malaysia, Indonesia, Vietnam, Cambodia, Brunei Philippines and Laos and representatives from Bangladesh and Bhutan.
More than 100 foreign high profile ICT industry delegates from 30+ countries are at the event. The main objective of the event is to provide opportunities to Indian telecom exporters including SMEs and Start-ups to meet qualified overseas buyers. fii-news.com
