Press Trust of India
17. November 2018 09:56 AM IS
The indebted telecommunications sector in India demands the urgent implementation of regulatory reforms, a special cut in levies on service providers to boost investment in the Internet, a senior Vodafone official said Friday.
"We support India's bold National Digital Communications Policy (NDCP), and digitization will require significant investment and urgent regulatory reform, and I have to summarize that in the roughest possible way." You can not just drive digital Ferrari on gravel roads, "said Joakim Reiter, Foreign Relations Minister of the Vodafone Group, at an event in Assocham.
The Vodafone officer said the industry in India was facing significant financial burdens of 1
"Vodafone alone has done much to offset part of the investment gap India has been around for quite some time. Over the last decade, we have provided $ 34 billion for foreign direct investment to build telecom infrastructure in India.
"This week we announced an additional $ 1.5 billion, and our partner put a corresponding amount on the table," he said.
He said there is an urgent need to implement regulatory reforms to ensure that the current cash flow crisis is tackled in the industry, and give companies the opportunity to "current infrastructure and infrastructure of the future"
to invest. "Taxes and levies are still very high, which adds additional burdens and additional burdens on business operations, and the NDCP implicitly acknowledges the root causes of the financial stress and has set various strategies that we very much welcome," he said.
Telecom secretary Aruna Sundararajan said at the event that many reforms have already taken place in the country. We will aggressively continue and address these areas, "Sundararajan said.