“We have a lifetime opportunity now. Because every tech industry for sure is looking at an alternative destination to manufacture,but India must build the ecosystem particularly for semiconductors and components. With an ecosystem in place, I think Cisco will go big” Cisco (Asia Pacific & Japan) president Sanjay Kaul said.
Kaul was speaking at the 5G Congress – 2021, organised by ETTelecom.
The executive further said that the company’s plans were on, and they wanted to see how the government creates an infrastructure and a regulatory framework and added that the recently-unveiled production-linked incentive (PLI) scheme was a good step in that direction.
“We have always been positive, and the production-linked incentive (PLI) scheme is a good step towards making India a global manufacturing hub ” he said, adding that the company has been working with the government of India for two years on the initiative.
Kaul believes that 5G and Wi-Fi6 would work together beautifully for a country like India.
“For India, I think it is perfect to combine 5G with Wi-Fi 6 and use Wi-Fi in hotspots where you don’t have issues of frequency interference,” he added.
The recently-unveiled PLI program would provide manufacturers cash-backs of between 1% and 4% of additional sales of locally made goods over four years, with 2019-2020 as the base year. Cisco welcomes this development.
“The Government of India announced this entire PLI scheme to promote local manufacturing. I think they would end up being something like or incentivising almost $2 billion,” Prashant Singhal, TMT Leader- Emerging Markets at EY said and added that the policy envisages having a Rs 2 lakh crores of exports that may happen from India on the equipment side.
Singhal said that Wi-Fi 6 is picking up worldwide with launches in a few countries. “I think this is something which will get the speeds. The in-home or in-home experience on 5G will be as good as you know, the outdoor experience or maybe better.”
“5G is globally ramping ahead very fast. I think we know that there are almost 2.2 billion connections expected by 2024, which will be 27% of the total telecom population,” Singhal added.
Nearly 140 operators, according to him, have started providing 5G services worldwide