Mumbai. In the meeting of the Union Cabinet, many big decisions were taken to revive the troubled telecom sector. In this meeting chaired by PM Narendra Modi, the cabinet approved 100% FDI in the automatic route for the telecom sector (100% FDI in the telecom sector). Under this, telecom companies themselves can improve their financial health by finding new investors. This will lead to rapid growth in 5G technology. Reliance Jio, a subsidiary of Reliance Industries Limited (RIL), has said that the country’s telecom sector will be strengthened by the Modi government’s approval of 100 percent FDI.
‘India will lead the world as a digital society’
Reliance Jio said that the relief package announced by the central government will ease the path of digital revolution in the country. This will give impetus to Prime Minister Narendra Modi’s Digital India campaign and India will lead the world as a digital society. Jio said that its aim is to make 1.35 billion Indians a participant and benefit in the digital revolution of the country. Also assured that we will ensure best data access to Indians in every part of the world at affordable prices. The steps taken by the central government to improve the telecom sector will encourage telecom companies to give better and newer benefits to the consumers than before.
read this also- Modi government approved 9 structural reforms to revive the telecom sector, know everything in 10 points
‘Relief measures will help in achieving the goal of Digital India’
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said that the telecom sector is one of the major drivers of growth in the Indian economy. Also, this sector is the most important promoter in making India a digital society. He appreciated the steps taken by the Government of India to improve the telecom sector. He said that the relief measures will go a long way in helping the telecom industry achieve the goals of Digital India.
*(Disclaimer- Hindi is a part of Reliance Industries’ company Network18 Media & Investment Limited. Network18 Media & Investment Limited is owned by Reliance Industries.)
Read Hindi News online and watch Live TV on Hindi website. Know news related to country and abroad and your state, Bollywood, sports world, business.