Need to overhaul regulatory structure to promote technology development: Telecom Minister Ashwini Vaishnaw
India TV NewsThe government is looking to overhaul the regulatory structure to facilitate the development of technology and interaction with industry as a partner and not as adversaries, telecom minister Ashwini Vaishnaw said on Sunday. We need to really overhaul our entire regulatory set-up in terms of the legal structure, regulatory execution structure, the way our government bodies think, people are trained, the way we interact with the industry-- not as adversaries but as partners. "A talented nation should be thinking in that way where it takes the lead, sets the goal and sets the direction for the whole world," Vaishnaw said. He said that a consortium of 11 institutions including IIT Chennai, IIT Kanpur, IIT Bombay, IISc Bangalore has created 4G technology in 14 months with the expenditure of about USD 30 million which is a very small fraction of the cost at which dominant players in the telecom sector have created the technology.
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