{"id":7459,"date":"2021-12-08T15:02:07","date_gmt":"2021-12-08T09:32:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-imc-ld-birla\/"},"modified":"2021-12-08T18:41:48","modified_gmt":"2021-12-08T13:11:48","slug":"biz-imc-ld-birla","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-imc-ld-birla\/","title":{"rendered":"Steps to ease of doing biz, banking sector support will enhance telecom industry&#8217;s strength: Birla"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1416164867\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p><span style=\"font-weight: 400;\">The government has made policy interventions to boost the telecom sector and further measures in ease of doing business as well as support from the banking sector will enhance the industry\u2019s strength and ensure that India remains at the cutting-edge of global technology trends, Aditya Birla Group Chairman Kumar Mangalam Birla said on Wednesday.<\/span><\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2174606645\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><span style=\"font-weight: 400;\">Speaking at the India Mobile Congress event, Birla promised that Vodafone Idea Ltd (VIL) will be a \u201ccommitted partner\u201d as India makes rapid strides to achieve the vision of a trillion-dollar digital economy.<\/span><\/p><p><span style=\"font-weight: 400;\">Aditya Birla Group holds over 27 per cent stake in VIL, while Vodafone Plc has more than 44 per cent in the telecom operator. During his address, Kumar Mangalam Birla further said a robust industry is necessary to invest and accelerate the achievement of the Digital India vision.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cOver the past few months, the government has made some critical policy interventions in this direction. Further steps in ease of doing business and support from the banking sector will significantly enhance the sector strength and ensure that India remains at the cutting edge of global technology trends,\u201d said Birla.<\/span><\/p><div class=\"trade-content_5\" id=\"trade-2018017815\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><span style=\"font-weight: 400;\">Speaking at the India Mobile Congress event, Kumar Mangalam Birla said \u201cThe mobile industry will play a \u2018vital\u2019 role in India\u2019s vision to be a USD 5-trillion economy by 2025, of which USD 1 trillion will be the contribution from the digital economy.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">India\u2019s digital communications policy highlights the impetus to leverage advanced technologies such as the internet of things, blockchain, artificial intelligence, robotics, edge and cloud computing, he observed.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cAs we accelerate this digital shift, we need to collectively address the need for continued investments to enable the journey to 5G, industry 4.0 and beyond,\u201d he said.<\/span><\/p><p><span style=\"font-weight: 400;\">Birla termed the mobile phone as a \u201ctelling symbol\u201d of India\u2019s transformation. The mobile industry has been the country\u2019s growth engine, catapulting India to the top five economies of the world, he said highlighting that it had played a transformational role in touching every aspect of people\u2019s lives.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cThe sector has also witnessed the highest FDI flows in the last two decades. This mammoth investment is serving the mobility needs of over a billion Indians across five lakh villages. More significantly, despite these substantial investments, Indian telecom tariffs for voice and data remain the lowest in the world,\u201d he said.<\/span><\/p><p><span style=\"font-weight: 400;\">With the dramatic growth of the internet and the increased penetration of smartphones, the transformational impact of the telecom sector has multiplied manifold and is now \u201call-pervasive\u201d. Wireless broadband infrastructure remains the foundation for the growth of digital services in the country.<\/span><\/p><div class=\"trade-content-10\" id=\"trade-3299972982\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><span style=\"font-weight: 400;\">\u201cThe tremendous impact of the telecom sector was seen during the pandemic, as uninterrupted telecom services not only kept the nation connected but also enabled an unprecedented digital transition of the economy. This is seen in the dramatic shift to digital payments and even in the increased adoption of telemedicine,\u201d Birla pointed out.<\/span><\/p><p><span style=\"font-weight: 400;\">Recently, the telecom sector got a shot in the arm with the government approving a blockbuster relief package for the industry, which included a four-year break for companies from paying statutory dues, permission to share scarce airwaves, change in the definition of revenue on which levies are paid, and allowing 100 per cent foreign investment through the automatic route.<\/span><\/p><p><span style=\"font-weight: 400;\">The measures, aimed at providing relief to companies like VIL that have to pay thousands of crores in unprovisioned past statutory dues, also included the scrapping of spectrum usage charge (SUC) for airwaves acquired in future auctions.<\/span><\/p><p><span style=\"font-weight: 400;\">Birla also added that the mobile internet has unleashed a new wave of entrepreneurial energy and India has already added about 38 unicorns, this year so far.<\/span><\/p><p><span style=\"font-weight: 400;\">Earlier, Bharti Enterprises chairman Sunil Mittal urged the government to reduce litigation in the telecom sector, including old cases that have been going on for years. He batted for lowering levies on carriers and making the spectrum more affordable.<\/span><\/p><p><span style=\"font-weight: 400;\">India is the world\u2019s second-largest telecommunications market with a subscriber base of 1.16 billion and has registered strong growth in the last decade. The telecom industry has come a long way and it has added the second largest investment in private infrastructure in India.<\/span><\/p><div class=\"trade-after-content\" id=\"trade-3242931799\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The government has made policy interventions to boost the telecom sector and further measures in ease of doing business as well as support from the banking sector will enhance the industry\u2019s strength and ensure that India remains at the cutting-edge of global technology trends, Aditya Birla Group Chairman Kumar Mangalam Birla said on Wednesday. Speaking [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":7545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[477,481,959,759,760],"class_list":["post-7459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-vodafone-idea","tag-vodafone-idea-funding-news","tag-vodafone-idea-future","tag-vodafone-idea-news","tag-vodafone-idea-news-today"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banking sector support will enhance telecom industry&#039;s strength: Birla<\/title>\n<meta name=\"description\" content=\"The government has made policy interventions to boost the telecom sector and further measures in ease of 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