India tech companies are marching ahead into 5G space along with global giants
Tech Mahindra, Sterlite Technologies Ltd and state-run ITI Ltd are among the Indian companies which have come up with 5G expertise. Further, both domestic and global companies are set to benefit from the non-participation of Chinese majors Huawei and ZTE in the 5G trials. This emerging sector has been allocated Rs 12,195 crore production linked incentive scheme would also be a major boost for the sector and more players may pitch in to manufacture equipment and network devices in India.
Recently, the latest announcement of Tata Sons' subsidiary Panatone Finvest acquiring controlling stake in telecom equipment maker Tejas Networks would toughen the competition.
The scheme envisages to create global champions out of India who have the potential to grow in size and scale, using cutting edge technology and thereby, penetrate the global value chains. Telecom products play an important role in the larger vision of "Digital India".
The much awaited 5G trials have begun and the Department of Telecommunications has granted permission to Bharti Airtel, Reliance Jio, Vodafone Idea Ltd on May 27, 2021 and Mahanagar Telephone Nigam Limited on June 23, 2021 for conducting 5G Technology trials with a validity period of six months.
In June, Reliance's Jio partnered with US chipset maker Qualcomm to manufacture critical equipment for the 5G ecosystem in India. Jio has also indigenously developed 5G Radio integrated with Jio's 5G core network and is in its development of in-house Massive MIMO and indoor 5G small cells is in advanced stages.
Tech Mahindra is also understood to be going with robust plans in terms of 5G technology.
The company recently reported strong earnings for the first quarter of FY22 and analysts are of the view that with the government's plan to stick to India-made 5G rollout, the company is expected the gain a significant portion of that "5G tech" pie.
Recently, Bharti Airtel has announced that it has become the first telecom service provider in the country to successfully demonstrate and orchestrate live 5G service. The demonstration took place in Hyderabad.
Previously, Bharti Airtel extended its multi-year contract with Ericsson for deploying 5G-ready radio network, strengthening their long-standing partnership.
At the same time, Vodafone Idea in June announced to collaborate with Cisco to improve its existing 4G network and, in the future, 5G use cases for offering better quality experience for its customers.
Further, Vodafone Idea said that, it would work with Cisco to design and build a cost-efficient network architecture to drive greater speed to market as it taps opportunities in 4G, 5G, Cloud, and IoT.
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