India is geared to play key role in tech, innovation: Verizon Business
By MYBRANDBOOK
India, which has one of the fastest-growing tech and telecom markets, is poised to play a key role in the global economy and future of technology and innovation, a senior official of Verizon Business Group has said. Robert Le Busque, Managing Director, Asia Pacific (APAC), Verizon Business Group told that the rising middle class, "almost unrivaled talent pool", commitment to research and development, and innovation has made India one of the world's strongest digital economies.
Verizon Business Group, a provider of IT, communications, security and network solutions to enterprises and governments around the world, is bullish about India's 5G prospects, given the transformational nature of the next-generation technology.
"India has one of the fastest growing technology and telecom markets in the world and Verizon strongly believes that India has a key role to play in the global economy and future of technology and innovation," Busque said in an e-mail interaction.
On the 5G landscape, he said it would be truly transformational for the country.
"Imagine what India's factories, manufacturing floors, airports, train stations, media and entertainment industries can achieve when 5G becomes ubiquitous," he said, underlining the impact of the next-generation technology on economy and businesses.
"It's a private 5G network within a facility that will bring data transit speed to many times less than the blink of an eye - eventually less than 10 milliseconds end-to-end response time. The possibilities are truly endless, which is why many countries are going all out to deploy this technology," Busque added.
In October, Verizon Business had announced the launch of an international private 5G platform for global enterprises located in Europe and the Asia-Pacific region.
This would be delivered in partnership with Nokia, Busque said, adding that the offering will enable Indian businesses to deploy a private industrial grade dedicated 5G network capability within their premises.
"In tandem, our existing portfolio of products around our managed network services, security and advanced communications (BlueJeans) all complement 5G - both public and private," he said.
India does not have 5G services currently, and the government is yet to allocate spectrum to telecom operators for running field trials.
While telecom service providers and the industry are closely watching the space with keen interest, given the endless possibilities that 5G offers, a recent report by Motilal Oswal Financial Services had pegged investments in key components of 5G network on mid or low-band spectrum with pan-India coverage at about Rs 1.3-2.3 lakh crore.
"We're always looking at mutually beneficial partnerships which we feel can add value to our customers and vice versa. We have a number of partnerships in India, for example with Bharti Airtel," Busque pointed out.
Verizon operates three business units in India. Verizon Business Group offers a suite of managed network and security services together with advanced communications. It holds an internet service provider license, international and national long-distance licenses and a virtual network operator license.
Verizon Media Group, on the other hand, works with global digital publishers and advertisers.
Verizon India plays a critical role in both the development of next-generation technologies and the day-to-day operations of business, with technology hubs in Chennai, Bengaluru and Hyderabad.
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
GLOBUS INFOCOM LTD.
BHARAT ELECTRONICS LTD.
JUVAS SOLUTIONS PVT. LTD.
POLYCAB INDIA PVT. LTD.
Technology Icons Of India 2023: Shailender Kumar
Shailender Kumar is senior vice president and regional managing direct...
Technology Icons Of India 2023: Roshni Nadar Malhotra
Roshni Nadar Malhotra is an Indian billionaire businesswoman and the c...
Technology Icons Of India 2023: Rajiv Srivastava
Rajiv Srivastava is the Managing Director of Redington Group. With 35 ...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
INGRAM MICRO INDIA PVT. LTD.
Ingram Micro India, a large national distributor offers a comprehensiv...