Manufacturing sector to help boost Indian telecoms growth

24 May 2005

Indian Communications Minister Dayanidhi Maran told press this week that he expects up to USD800 million of investment in India’s telecom manufacturing facilities by the end of March 2006. The investment will come from the likes of Nortel, Alcatel, LG Group, Ericsson and Nokia. Maran’s statement followed the news that Nortel is to set up an Indian plant for constructing wireless base stations after receiving government approval earlier this month. The minister added that he expected operators BSNL and MTNL to place advance orders for 80 million GSM connections over the coming months, and that he hoped the country would achieve a target of 250 million fixed and mobile telephone connections by 2007.