New Delhi, May 20, 2025 (ANI): Communication Minister Jyotiraditya Scindia lauded Telecom Regulatory Authority of India (TRAI)’s recommendation on Satcom.Speaking at World Telecommunication and Information Society Day programme, Jyotiraditya Scindia said, “We are now seeing the new technology of satellite telecom communication. Satellite technology is complementary to our service book. TRAI has come up with their regulations for administrative assignment.” “Multiple players have availed of a license, and I am very confident that this roll out on the satellite network will probably be the fastest in the world in the years to come, growing from the current $2.3 billion market to almost a $20 billion market by 2028. so we are talking about a 10 multiple over the next three years. These are growth rates that you'll probably not see anywhere else in the world” said Communitarian minister.
Category
🗞
NewsTranscript
00:00We are now seeing the new technology of satellite telecom come into place.
00:08And satellite technology is complementary to our service booking.
00:18TRAI has come out with their regulations for administrative assignment.
00:24Multiple players have availed of a license.
00:27And I am very confident that this rollout on the satellite network as well
00:33will probably be the fastest in the world in the years to come,
00:38growing from the current $2.3 billion market to almost a $20 billion market by 2028.
00:46So we are talking about a 10 multiple over the next three years.
00:51These are growth rates that you will probably not see anywhere else in the world.
00:55Accessibility is concerned.
00:57The thrust is on domestic manufacturing.
01:01The thrust is on low-cost handsets.
01:05The thrust is on rural connectivity.
01:07That will power India further.
01:12Today, India has become the capital of digital transactions across the world.
01:17Our UPI application has resulted in close to 46% of the world's digital transactions.
01:28Close to about 1.72 billion transactions, leading to $2.85 trillion per annum.
01:37That has been the capability of our UPI network.
01:43That has been the capability of our UPI network.