Airtel to invest Rs20,000 crore this year in digital infrastructure: Sunil Mittal
New Delhi: Bharti Airtel Ltd will invest up to Rs20,000 crore this year in digital infrastructure, the company’s chairman Sunil Bharti Mittal said on Wednesday.
Speaking at the India Mobile Congress, Mittal—who shared the dais with arch industry rival Mukesh Ambani (Reliance Industries chairman)—advocated a collaborative approach to overcome challenges and unleash the growth potential of the sector.
“India’s time has come...each large tech honcho is looking at India,” Mittal said terming the country as an emerging showcase for digital technology. Seeking government’s support in fast tracking the pace of growth and achieving India’s vision, he urged states as well as municipalities to recognise the power of digital India and enable easy on-ground implementation of policies like the right of way.
Mittal said the telecom industry is offering “yeoman service” and infusing large amounts of money in strengthening infrastructure. Airtel will invest Rs18,000-Rs20,000 crore this year, he said, adding that the industry overall will be injecting Rs50-60,000 crore to build digital infrastructure.
He said Airtel is rolling out massive multiple input multiple output (Mimo) technology and India will be “in step and head to head with what is happening globally.”
Mittal said the technology of future will involve autonomous cars, flying cars, AI based doctors and bots, and hoped that the coming generations will reap the benefits of technological framework being laid out today.
- PNB fraud: Nirav Modi’s lawyer asks why would his client run away
- China quietly holding talks with Baloch militants in Pakistan to protect CPEC: report
- EPFO likely to retain 8.65% interest on EPF for 2017-18
- More bombs fall on Syria’s Ghouta after heaviest toll in years
- Delhi chief secretary assault case: BJP, Congress demand Arvind Kejriwal’s resignation