The government on Saturday told the telecom industry that it wants fair competition in the sector and will not encourage monopoly, while asked companies to prioritise quality of service and ensure "robust involvement" in 5G as also five-trillion dollar economy blueprint.
Telecom Minister Ravi Shankar Prasad who met the industry honchos also assured them of government's full support on outstanding issues such as cut in levies and refunds.
"I highlighted to them, the need for a robust involvement of the industry in 5G innovation, startups and creation of 5G products that can create India specific patents. I said that in the five trillion economy target, 25 per cent should be telecom's contribution," the minister said after meeting industry CEOs.
Prasad's first interaction with the industry after he took charge of the telecom portfolio comes at a time when the sector is reeling under severe financial stress with cumulative debt of over Rs 7 lakh crore. Saturday's meeting was attended by .
