National Telecom Policy (NTP) 2018 will be unveiled soon, said Aruna Sundararajan, Secretary, Department of Telecommunications, Ministry of Communications, Government of India while speaking at The Internet of Things (IoT) Summit organised by Confederation of Indian Industry (CII).
Sundararajan emphasized that NTP 2018 will be based on three broad pillars viz. core networking and communication ecosystem that will facilitate IoT, IoE & 5G; preparing the rest of the ecosystem to be ready for a new paradigm shift; and how India will position itself as a contributor to IoT and 5G as leader and not just a consumer.
In his special address, S. V. R. Srinivas, Principal Secretary (IT), Government of Maharashtra said, “Maharashtra is the first state to formulate comprehensive FinTech Policy as well as policies on cloud, telecom infrastructure and artificial intelligence. As part of the state-led implementation model, we are executing broadband network deployment across 13,000 gram panchayats. These initiatives would help assure a digitally and IoT empowered knowledge economy.”
Dr Rishi Bhatnagar, Summit Chairman & President, Aeris Communications India in his welcome address said, “There is a huge business opportunity in IoT, and given the economies of execution our nation demands, it would not be wrong to say that India will soon drive the world market for integrated solutions in the near future.”
Vinod Sood, Managing Director, Hughes Systique in his address said that India is a growing hub for IoT solutions and the Indian IoT ecosystem is rapidly expanding owing to demand by both the industrial and consumer IoT applications.
Neeraj Arora, Partner, Deloitte India mentioned that the IoT industry that will reach $15 billion by the year 2020 and will grow to $75 billion by the year 2025.
Ravi Shankar Rai, Managing Director, Savitri Group said, “IoT growth is currently driven by industrial automation, primarily in sectors like telecom, healthcare, housing, agriculture and engineering, however, the consumer IoT market is slowly evolving with increasing awareness among people.”