The Indian government is working on introducing a second set of reforms for the Indian telecom sector. This second set of reforms will aid the industry in doing business. As per an FE report, the reforms are primarily aimed at simplifying the licensing process, rationalising penalties, and quicker approval of spectrum for trial. Ashwini Vaishnaw, union IT and telecom minister of India, will announce the reforms shortly, the report added.
The Department of Telecommunications (DoT) is reportedly also working to bring a lab-like platform for academia, startups, telcos, and equipment makers to discover and test new use cases and innovative solutions. With the new reforms, the government will reduce the penalties applicable for non-compliance with the unified license (UL) rules from 50 crore to 5 crore.
Read M0re - Reliance Jio Welcomes Government’s Bold Reforms for Telecom Sector
Also, to speed up innovation in the industry, these reforms will play a crucial role. The government is trying to ensure that the spectrum given to the telcos or tech companies for trial purposes is done at a faster rate. This will enable the companies to test new technologies faster and bring them to the market to enhance customer experience.
Currently, companies have to wait around for eight weeks to get the final approval from DoT for spectrum (for trial purposes). It's a long period and the govt is looking to trim it down. The new reforms would bring a boost to the telecom industry and enable the sector to innovate and fuel the growth of the economy.
Read More - Jio AirFiber Now Present in 500+ Cities and 25 States
The last time the government introduced reforms for the telecom sector was in 2021. With those reforms, the government tried to solve liquidity concerns of the operators, encourage investment from foreign players, and reduce the regulatory burden on the telecom players.
