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Wednesday, February 28, 2007
NEW DELHI: Telephone connections including fixed and wireless connections in India are expected to touch 650 million in the next five years, reports the annual Economic Survey 2006-'07.
This figure includes 200 million connections in rural India.
Presenting the report in Parliament today, Finance Minister P Chidambaram said that by 2012, a total of 650 million telephone connections (including 66 million telephone wired and 584 million wireless ) would be achieved. The report states that the tele-density in rural India would touch 25 per cent by then.
The survey estimates 250 million telephone connections by the end of this year. The increase in Foreign direct investment (FDI) in the telecom sector has been reflected in the telecom equipment manaufacturing sector with production rising from Rs 160.90 billion last year to Rs 178.33 billion at present.
The total FDI in the sector and the actual inflow up to July 2006 were Rs 38,923.38 crore and Rs 11,801.46 crore.The report stresses the need for FDI for network expansion.
Noting the growth of the wireless sector, the survey states that wireless subscribers were growing at a compounded annual growth rate (CAGR) of over 90 per cent per year since 2003.
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