The labs will encompass various applications like smart classrooms, precision farming, intelligent transport systems, and healthcare applications to uncover a fresh set of opportunities, business models, and employment potential in Budget 2023.
In the recently presented Union Budget 2023, the honorable Finance Minister Nirmala Sitharaman announced the setting up of 100 labs in engineering institutions across India to develop 5G-driven applications. This move is expected to give a further boost to the 5G ecosystem in India.
Our Founder & CEO, Gaurav Gandhi welcomed the move and commented that the labs would effectively develop 5G services to be implemented in various fields. He also highlighted the potential for private 5G deployment in these institutions, leading to the further growth of private networks for research purposes.
In addition, the establishment of these labs is expected to benefit the telecom sector, which has been at the forefront of mobile telephony distribution in India. With more than 50 cities in the country already having access to 5G services, these labs will help them cover applications such as smart classrooms, precision farming, intelligent transport systems, and healthcare.
The move is expected to provide fresh opportunities, business models, and employment potential. The labs will enable the development of various applications, such as smart classrooms, precision farming, intelligent transport systems, and healthcare applications. With the development of 5G-driven applications in these fields, the country is expected to witness significant growth and innovation.
The setting up of these labs is a significant step towards embracing advanced technologies and overcoming connectivity challenges in India. Moreover, it is expected to accelerate the growth of the country’s digital economy and help Indian companies leave a lasting impact on the global stage.