India Increases Telecom Investment to $2.7B

India Increases Telecom Investment to $2.7B

March 2, 2005

Add to the previous story. Telecom Asia reported a big jump in India’s investment in new telecom networks.

With increased focus on telecom services as a thrust area of infrastructure, the government has raised the total planned outlay of the Department of Telecom by 21.79% over last fiscal to Rs 118.01 billion ($2.7 billion) in 2005 to 2006.

State-run Bharat Sanchar Nigam Limited (BSNL), which has been entrusted with the task of connecting the rural India in a major way, has been given a major chunk of this outlay at Rs 96.96 billion, an increase of over 46%.

Hello? Washington? Is there anybody home?

While their government builds networks, our government holds hearings about phone conpany mergers. We need to turn off C-SPAN and rewrite the telecom law to provide a solid foundation for investing in new networks so American companies can have the benefit of the latest technologies too.

JR

John Rutledge

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