Meeting between Nokia CEO and PM Modi held in Delhi
- ByStartupStory | March 14, 2023
On Monday, Prime Minister Narendra Modi held a productive meeting with Pekka Lundmark, the CEO of Nokia, to discuss India’s progress in developing advanced digital infrastructure.
Mr. Lundmark tweeted that “he was honoured to have met with Prime Minister Modi and discussed Nokia’s involvement in India’s 5G advancement and upcoming stage of digital modernization. He also mentioned the company’s plans to assist India’s 6G aspirations”.
PM Modi took to Twitter to announce “a productive meeting with Mr. @PekkaLundmark, during which they discussed the utilisation of technology for the betterment of society. They also talked about India’s progress in constructing digital infrastructure for the next generation”.
Nokia intends to take the lead in the Indian market for private 5G networks, surpassing its competitors. The Finnish telecommunications equipment manufacturer anticipates that this market will be worth $240 million by 2027, with the potential for deployment in over 2,400 sites throughout the country.
During an interview, Amit Marwah, Nokia India’s chief marketing officer, stated that “the company has held a dominant role in private networks worldwide with over 500 deployments globally. He also remarked that this business is expanding rapidly, and they observe a similar pattern in India”.
According to Marwah, the initial private networks are anticipated to begin operating in the next two quarters, mainly in the transportation, manufacturing, healthcare, and utilities sectors, which are expected to receive the majority of enterprise investments.
The government has not yet determined the plan for distributing 5G spectrum to businesses for 5G private networks through administrative allotment. To achieve this, they must decide on the frequency bands and pricing of the airwaves that will be distributed outside of an auction.
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