Various reforms have been declared in the Telecom sector under the Union Budget 2022. It’s an area of interest how these Budgetary allocations will follow these reforms.
There is a requirement of Budgetary allocation for the growth of 5G technology along with the equipment. Union Finance Minister Nirmala Sitharaman said that a spectrum auction will be held this year in which the roll-out of the 5G mobile service will be facilitated within the next year, the Financial year.
Sitharaman also said that the strategy used will be design-led which will bring a strong ecosystem for 5G as part of the Production Linked Incentive Scheme (PLI).
The central government will sign contracts for laying optical fibers in all villages under the project – BharatNet in 2022 and 2023.
This will be accomplished under Public-Private Partnership (PPT). It is expected to be completed by 2025.
