Union Communications and IT Minister Ashwini Vaishnaw revealed that at least eight major investment firms are actively seeking opportunities in India's telecom sector. These firms have expressed interest in exploring investments, citing the country's large market size, high technology acceptance, and the widespread reach of the India stack. Emphasizing telecom as the gateway to digital India, Vaishnaw highlighted the immense investor interest generated by these factors.

Anticipating the emergence of new business models and technological advancements, the minister shared his optimism about the future of the telecom sector. He noted that India's telecom industry faced challenges and a lost decade due to the 2G scam and policy paralysis but experienced a significant revival after 2014. The government's corrective measures, transparent spectrum auction methods, and effective handling of market failures contributed to this turnaround, as highlighted in the recent 'White Paper on Economy'.

The document underscored the Modi government's success in revitalizing the economy, implementing transparent spectrum auction, trading, and sharing methods. The 5G auction in 2022, allocating a record 52 GHz of spectrum at the highest-ever auction value, played a crucial role in increasing overall spectrum availability for telecom service providers (TSPs). The healthy cash flow for TSPs facilitated substantial capital investments in 5G technology, resulting in the fastest 5G rollout globally.

This renewed investor interest and the positive trajectory of the telecom sector underscore India's position as an attractive emerging market for investments.