Desi Slice 7: India -UAE Building Stronger Ties: $100 Billion Investment
India Puts Its Stake In The Ground For 6G Standards at IMC 2024
source: public domain image of IMC event at New Delhi 2024
UAE to Invest $100 Billion in India
India is set to receive a massive investment boost from the United Arab Emirates, with Commerce and Industry Minister Piyush Goyal announcing $100 billion in investments over the coming years. This significant influx of capital will focus on key sectors such as data centers, artificial intelligence, renewable energy, and transmission infrastructure ¹.
The UAE's direct equity investments in India stand at nearly $20 billion, with $3 billion invested in the last fiscal year alone. This marks a three-fold increase in annual investment from the UAE, India's seventh-largest investor, over the past five years.
Mr. Goyal highlighted the progress made since the Comprehensive Economic Partnership Agreement (CEPA) and noted that both nations are exploring additional collaboration avenues. The UAE has offered free-of-cost locations to promote investment, trade, technology, and tourism between the two countries.
In a world fighting multiple battles and diplomatic relations constantly on a short fuse, strong trade, and commercial ties are a breath of fresh air. Commerce can flourish only under an environment of security and self-confidence.
India Mobile Congress 2024: Shaping the Future of Telecom
Source: public domain image of Prime Minister Shri Narendra Modi addressing ITUWTSA at IMC 2024 New Delhi India
Prime Minister Narendra Modi inaugurated the International Telecommunication Union - World Telecommunication Standardization Assembly (WTSA) 2024 and the 8th edition of India Mobile Congress 2024 in New Delhi.
The event brought together industry leaders, telecom experts, and startups to discuss next-generation critical technologies like 6G, AI, IoT, Big Data, and cybersecurity.
Modi emphasized India's achievements in lowering data costs, with internet data costing as low as 12 cents per GB. This is significantly cheaper than in many countries, where one GB of data can be 10 to 20 times more expensive. The average Indian consumes around 30 GB of data per month.
WTSA 2024 provides a platform for countries to shape the global telecom agenda and set the course for future technologies. Indian startups and research institutions will gain valuable insights into developing Intellectual Property Rights and Standard Essential Patents.
Comments:
India, holding a solid 1.2 billion user base (nearly 16% of the global user community) of the mobile phone industry has a significant stake in ensuring emerging market needs are understood and incorporated into global telecom standards. This is important not just from a spectrum perspective (of what bands are easily available and what are not) but also from ensuring economical development and delivery of new technologies.
With India becoming the world’s largest and fastest growing mobile money market, it is now the home of new technology, applications, business, and consumer use cases too. These are best addressed not only by a handful of companies or the top members of ITU but also by those countries which are the largest consumers or innovators in this space.
In some ways, the world order is indeed changing - the last several decades saw the entire action on standardization, technology, architecture, frameworks, and solutions designed and introduced by the large Western economies (driven by the companies that built the infrastructure products). That is changing as many of their fortunes are dropping (check this video for a quick summary of what is happening in the telco infrastructure space). Also, the global supply chain that reigned supreme is changing somewhat as the perils of severe dependency on one producer were exposed during Covid 2019. India, has since, grown to become a dependable partner for global tech supply - with an entrenched position in software and solutions and increasingly for hardware production and supply too.
It is important therefore that Standards bodies and agencies such as ITUWTSA are hosted in India and given a first-hand exposure to the state of the industry. We do not want one more India-developed and recommended standard to go down into ITU as an ‘also ran’ but not make it into the Standards dossier.
Get your copy of Desi Slice!
Owner: Sridhar Pai Tonse - Tonse Pai Academy.
Disclaimer: This newsletter may contain AI-assisted content with human oversight. The views and opinions expressed are those of the publisher and do not necessarily reflect the official policy or position of any other agency, organization, or company.
Unsubscribe: Drop an email to stpai2001@gmail.com to unsubscribe from this newsletter.
Content: Some content may have been sourced from the public domain or external sources. No claims are made to intellectual property rights. All rights reserved.
Contact Me: stpai2001@gmail.com
Follow Me: LinkedIn: https://www.linkedin.com/in/tonsepai/ YouTube: https://www.youtube.com/@tonsepai FB: https://www.facebook.com/sridhar.pai.9/
Affiliate Link: If you would like to open the doors to a digital version of yourself, and port your career into the digital future of tomorrow, then you need to learn from the best in the business. Like I did. Go straight to the master at Internet Lifestyle Hub and learn from Siddharth Rajasekar, India’s leading digital coach. Click below and use my affiliate link. and enjoy reduced rates on your courses! Go here now: http://bit.ly/4e5phCM
Tag Mango Link: Your one-stop social platform for community building - start for free. Use my Affiliate link: https://bit.ly/47tLXde