Low data rates: India's new ringtone to attract foreign companies
data tariffs to attract investments from foreign companies that rely on affordable fast broadband connectivity for delivering essential services, said senior government officials.
The Centre's aim is to leverage the country's much lower data rates compared with markets such as China, US, Russia, UK, Australia, and South Africa to entice foreign companies engaged in delivering services such as ride hailing, online food delivery, telemedicine, digital payments and online education, the officials told ET.
The government also plans to highlight to potential investors India's rapid adoption of 5G services and the rising availability of affordable 5G phones in the world's second-largest mobile phone market.
As per the minutes of a recent telecom sector review meeting, the Prime Minister's Office (PMO) has asked the Department of Telecommunications (DoT) to work with the external affairs ministry and the Department for Promotion of Industry and Internal Trade (DPIIT) for pitching India's low data rates as a major attraction point to international investors.
ET has seen a copy of the meeting minutes.
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