Startups in India and in particular, the Atal Innovation Mission and the Incubation Centres of the government provide opportunities to younger generations PM Modi
India must become a developed country in over the next twenty-five years. PM Modi
5G and BharatNet are expected to play an important role in connecting India
In a speech on the celebration of the 76th Independence Day from the parapets of the Red Fort, Prime Minister Narendra Modi said that the next century will define the world by the technology and dubbed it a ‘Techade’.
“This year is the tycoon for mankind – a century of technological advancement,” said the PM. He also said that India’s startup ecosystem as well as at the Atal Innovation Mission and the government’s incubator centres provide opportunities to the next generation.
Atal Innovation Mission, which was launched in the year the year 2016 was one of the government’s initial initiatives to support entrepreneurialism and startups in the nation. The Centre was followed up by initiatives like that of the Startup India initiative and the Digital India mission, which led to technological innovation and improved access to business opportunities for companies in India.
But, the PM was not content to speak about the role of technology over the next decade. On the occasion of this year’s 75th anniversary celebration of India’s independencein the year 1975, PM Modi was adamant and declared that India must become a modernized country within over the course of 25 years.
In a statement from the highest point The Prime Minister referred to two particular sectors of India’s startup economy healthcare and education that will lead to changes.
The steps of the Indian government to semiconductors, 5G, and optical fibres are all measures designed to guarantee that India does not fall in the next “techade” and would eventually become Atmanirbhar.
Fiberisation and 5G Connection to the Nation with More Speed, Better Networks
Although Independence Day might have been the ideal occasion to begin an introduction of 5G in India however, the auction was from the date of the platinum jubilee celebration of India’s independence to be viable.
But, the PM did not talk exclusively about India’s forthcoming 5G rollout.
The BharatNet project, which is among the most ambitious initiatives of the government in the field of connectivity, is an investment of 61,109 cr and aims to connect India’s six Lakh Gram Panchayats to high-speed fiber-optic broadband.
The project is around three-quarters of the way there and, in the Union Budget speech this year the Finance Minister, Nirmala Sitharaman gave a date of 2025 to complete the project..
The amount of infrastructure constructed to support BharatNet will be huge. BharatNet initiative will benefit the telecom companies. 5G is a technology that will offer a higher rate of throughput and speeds. However, there’s only a certain amount that the spectrum telecoms that were purchased in the recently concluded auction for 5G spectrum can accomplish.
Additionally, the spectrum is only suitable for fronthaul networks only. Telecom networks are specifically designed to work in this in that way. To transport backhaul networks there are fiber or microwave. Because microwave has the limitations of its carrying capacity fiber is the best option to go.
The fiberization record of India is, however, quite poor at the moment. According to the study from STL, India is far away from the ideal mix in the range of 1.3 km of fiber per person and the current rate of deployment is inadequate to meet the goal in the near future.
For 2020, government established the goal of achieving 70 percent fiberisation and one kilometer of fiber laid per telecom tower in the National Broadband Mission. But, as per the 2021 data the percentage of fiberisation is 30 percent, which is way lower than the figures recommended to ensure the success of 5G.
In comes BharatNet With a substantial amount of optical fiber being laid, it’s not surprising that synergy is being created with the state and private telecom companies.
There are areas that do not make fibersiation economically feasible and microwave is the best way to to provide backend networks, however, for truly 5G-like experience fiberisation is essential and BharatNet is the ideal model for that crucial.
If the reason behind the remarks of the PM is understood, it becomes evident why he spoke of 5G and the need to connect villages at the same time. BharatNet along with 5G will be India’s next networks, and bring it closer towards what is known as the Digital India dream over the next “Techade”.
The State of Indien’s Startup Ecosystem
Based on Inc42’s “The State of Indian Startup Ecosystem, 2022 2022′, India is the third largest startup eco-system in the world regards to the amount of startups that are created as well as how many unicorns that have been created. At the time of H1 2022 the Indian startup ecosystem had over 58K startups spread across 55 industries, and has been able to raise $131 billion between 2014 and the year 2022 and with a valuation greater than $450 billion.
Although India is one of the biggest ecosystems of any in the world the majority of the 105 unicorns in India are located in 6 Tier 1 cities of the country. But, nearly half of Indian startups are located within Tier 2 or three cities As the PM said this morning, Indian startups are being driven by the talent that comes from these smaller cities.
The flywheel of the future is being set in the startup ecosystem of India. By 2025, it’s believed that India will be home to 250 unicorns and 100K startups. Startup ecosystems are expected to generate employment for more than 3.5 million people. We can see up to $200 billion being invested in Indian startups between 2021 and 2025.
India is at the threshold of another paradigm shift within the ecosystem of startups. With 5G and BharatNet, India is set to be the second largest digital population following China and will give an opportunity for India’s digital economy as well as the ecosystem of tech startups.