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It’s a visionary and inclusive budget, says telecom minister

“Considering the global situation in which major economic power are witnessing a slowdown, India has emerged as a bright spot. The Budget is aimed at employment generation and long-term growth. It’s a visionary and inclusive budget.

India will become a major exporter of telecom technology in the next 2-3 years. This will be in contrast to the country being a major importer of telecom technology 10 years ago.

I thank the Modi government for focusing on the growth of BSNL. State-run BSNL, which is expected to roll out 4G and 5G services this year, will get Rs 52,937 crore capital infusion from the government in 2023-24.

Rs 1.23 lakh crore was allocated for postal, telecom projects. The government has allocated Rs 1.23 lakh crore for postal and telecom projects including Rs 52,937 crore capital infusion in state-run BSNL.

The government has allocated Rs 2,158 crore for Optical Fibre Cable based network for Defence Services and Rs 715.8 crore for telecom projects in the North Eastern states. The Department of Posts has been allocated Rs 25,814 crore and includes Rs 250 crore capital infusion in the India Post Payments Bank, said Ashwini Vaishnaw, Hon’ble Minister for Communications, Electronics & Information Technology at a post-budget conference in the Capital.

CT Bureau

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