The Cabinet on Wednesday approved the new telecom policy, named as National Digital Communications Policy (NDCP) 2018, which aims to attract $100 billion investment and create 4 million jobs in the sector by 2022.
“The Cabinet has cleared NDCP,” an official source told PTI.
According to the draft policy, NDCP is focused on increasing high-speed broadband penetration with the use of modern technologies like 5G and optical fibres across the country at affordable rates.
The draft policy promises to rationalise levies such as spectrum charges to rejuvenate the debt-ridden telecom sector. The proposed new telecom policy seeks to provide broadband access to all with 50 megabit per second speed, 5G services and create 40 lakh new jobs by 2022.
It includes provisions to adopt “Optimal Pricing of Spectrum” to ensure sustainable and affordable access to digital communication. High spectrum price and related charges have been the main concern of telecom services segment, which is reeling under a debt of around Rs 7.8 lakh crore.