HomeBudget 2023Telecom sector has high expectations from the 2023 budget: Gaurav Gandhi, CEO of Echelon Edge

Telecom sector has high expectations from the 2023 budget: Gaurav Gandhi, CEO of Echelon Edge

Most Read

Speaking on the Union Budget 2023 expectations, Gaurav Gandhi, Founder & CEO of Echelon Edge has emphasized the crucial role of the telecom sector in the country’s growth and development and expressed hope for the nationwide rollout of 5G.

Gandhi urged the government to minimize the import of telecom components and focus on investing in R&D and manufacturing to boost the domestic telecom industry and has called for incentive schemes to encourage the “Make in India” drive and innovation, as well as reductions in license fees and duty exemptions on key telecom equipment.

- Advertisement -

Furthermore, Gandhi sought duty exemptions on key telecom equipment, input tax credits against GST paid on telecom towers, and a reduction in GST rates, to reduce the financial burden on telecom service providers and passive infrastructure providers. He also called for stimulus packages to be introduced in the budget to enable the penetration and proliferation of telecom services in rural areas, thereby fulfilling the dream of a Digital India.

Gandhi also highlighted the need for smooth and lucrative reforms for 5G rollouts, so that technology firms do not face any hindrances in acquiring private networks. He also expressed hope for incentives to promote new technologies that increase efficiency in the sector.

Subscribe To Morning Newsletters

Sign up to receive the latest news stories, exclusive interviews, and more in your inbox.

We don’t spam! Read our privacy policy for more info.

Editor's Pick

Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.

Read More Stories

UK Housing Market Grinds to a Halt as Rates Bite

Britain’s once-thriving housing sector is now flatlining amid a tightening chokehold of astronomical mortgage rates. New data reveals house...

Tech Mahindra Set up Innovation Centre In Espoo Finland

India-based multinational technology company, Tech Mahindra has today inaugurated its innovation centre in Espoo, Finland. The new centre will accommodate...

Apple’s first ever dual-sim iPhone

The Indian Apple users are in for a treat as the leading smartphone manufacturer introduces its first-ever dual SIM...

Starmer Pledges New EU Pact to Stem Channel Migrant Crisis

UK Labour leader Sir Keir Starmer has proposed a plan to improve cooperation with the European Union to address...

5 Reasons Why You Should Focus On Mobile Marketing

In this era of digital marketing, mobile marketing has become the new normal. We can not live a single...

The Digital Revolution in Interior Design

The fast-innovating and transforming world of interior design is well-embracing digital technology, and artificial intelligence (AI) is altering the...