"Met CEO Samsung. Discussed NOFN and Smart city projects. They are keen
on India's 4G mobile market. (They) want to increase investment," Prasad
tweeted after his meeting.
Major Indian telecom operators,
including Reliance Jio, plan to start 4G services from next year.
Bharti Airtel and Aircel have already launched these high-speed services
in some parts of the country.
Prasad is on a 5-day visit to
South Korea to woo investments in the country in the field of
electronics manufacturing and under the 'Make In India' program.
The
Telecom Ministry in a statement on Prasad's visit said that Samsung IT
and Mobile Communications President and CEO Jong Kyun Shin in the
meeting with the Minister "expressed great hope in the India's 4G mobile
market and expressed his desire to make big investments in India".
The Samsung CEO appreciated Indian engineers in making Samsung a big success across the world.
Samsung
has one its biggest R&D centres in India. It also has electronics
manufacturing units that manufacture products like mobile phones and TV
sets.
Government has set a target to have net zero import of electronics by 2020.
As
per official estimates, Indian electronics market will be around USD
400 billion (about Rs 24 lakh crore) by 2020 and in the absence of
corrective measures to boost electronics manufacturing, those imports
would be around USD 300 billion (about Rs 18 lakh crore) by the same
year.
The minister also talked about National Optical Fiber
Network programme -- which aims to connect all 2.5 lakhvillage panchayat
by 2017 -- and the Smart City plan.
Government has plan to
develop 100 smart cities, as satellite towns of larger cities and by
modernizing the existing mid-sized cities.
The Telecom Minister
will also attend the Plenipotentiary Conference 2014 of the
International Telecom Union-- an arm of United Nations which decides on
global telecom rules and standards.
The Minister met LG
Electronics Vice Chairman and CEO Bon Joon Koo who "expressed great
faith in the changed investment climate in India".
"The Minister desired LG Electronics to make India its global manufacturing hub," the statement said.
Prasad
also met LG Chemical President Young Soo Kwon and shared the vision of
Indian government for promoting solar power as a clean source of energy
and appealed for its investment in the country.
Source: India City News and Hindi e-Paper
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