Bharti Airtel has made a statement with their rollout plans, adding an extra dimension to the telco ecosystem, taking the contest to Reliance Jio.
Enthused by India’s future prospects and the reforms undertaken by the Modi government, in the face of the pandemic and national lockdown, several marquee foreign investors have poured in immense sums of money into companies such as Jio Platforms Reliance Retail and a few others.
The cheap and effective Jio smartphone, to be powered on Google’s Android platform, could be the gamechanger that a 5G hungry Indian telecommunications industry is waiting for as a huge market segment waits to be fed.
Denmark’s expertise in green technology will give India a huge boost in meeting its renewable energy target while the Indian market represents an enormous business possibility to Danish businesses for expansion and investment.
Carlyle is considering investments across the retail space in India comprising both online and offline retail firms.
Even if the proposed sale of ByteDance’s wildly popular app goes through, the Modi government will want to ensure that any Trojan horses are removed to prevent any possibility of it being used to spy on Indians.
Mukesh Ambani’s announcement that his Jio Platforms has developed in-house a 5G solution, his deal with Google to develop a new OS to power affordable smartphones, his JioMeet answer to the Zoom meeting app and several other initiatives promises to place India at the centre of global high technology innovation and offer the Axis of Democracies a new sourcing point for these products.
The investment will help Jio Platforms in its initiative to roll out advanced 5G infrastructure and services for Indian customers.