Swedish telecom gear maker Ericsson on Wednesday pledged to deepen its commitment to India’s manufacturing mettle saying the company is ready for local production of 5G infrastructure, just as it has done in the past for other technology products.
The countdown for 5G services has begun in the world’s second-biggest smartphone market after China, and large Indian telcos are gearing up for the roll-out of services, supercharged by ultra-high-speeds, low latency and large data handling capabilities.
According to Ericsson, consumer 5G readiness is high in India, and a recent survey has shown that over 100 million users in India with 5G-ready smartphones want to upgrade to next generation network in 2023. Many of them are even willing to shell out up to 45 per cent premium for rich experiences and applications.
“We are considered as a trusted partner globally. We have been producing in India and we will continue to do domestic production for 5G infrastructure as well,” Nitin Bansal, Head of Ericsson India, said during a virtual briefing.
On whether the local factory will be able to meet demand coming from Indian telecom operators for 5G deployment, particularly given the global supply crunch and component shortages, Bansal observed that Ericsson started manufacturing in India a long time ago.
“Our strategy is that we should build in India, for India…That does need scaling up, and we are scaling up our production capabilities with our partner Jabil in Pune, so that work is ongoing,” Bansal informed. PTI