India's Telecom Revolution: Boosting Innovation and Growth
The Indian government plans to launch an expanded Telecom Technology Development Fund by October to boost innovation and development in the telecom sector. With higher outlays and co-funding mechanisms, the fund aims to support startups and academia, while promoting financial recovery and industry growth.
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The Indian government is poised to launch an enhanced Telecom Technology Development Fund (TTDF) with a larger allocation by October, revealed Minister of State for Telecom Pemmasani Chandra Sekhar at the COAI Digicom Summit 2026.
The Ministry has already sanctioned approximately Rs 540 crore to over 100 companies through the existing TTDF scheme, many of which operate in the 6G sector. The minister emphasized a new technology development fund featuring improved outlay and co-funding mechanisms, aimed at realizing its full potential.
Financial recovery in the telecom industry is evident as the sector's gross revenue witnessed a 10% growth year-over-year, reaching an estimated Rs 3.7 lakh crore, partly attributed to strong FDI inflows. The government is also encouraging innovation through the Rs 12,000 crore PLI scheme, fostering self-reliance and reducing import dependency.
(With inputs from agencies.)
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