The telecom sector is set to attract more than Rs 1.5 lakh crore investments towards building telecommunication networks in 2023.

As per the telecom ministry, telecom operators are installing an average of 2,500 base stations per week for providing 5G services in the country and 20,980 mobile base stations installed as of November 2022.

The government has received investment commitments to the tune of Rs 4,115 crore from 42 firms shortlisted under the Production Linked Incentive (PLI) scheme for manufacturing telecom gears. To take this forward, telecom gear firms have ramped up their manufacturing operations in India.