India to Launch Enhanced Telecom Technology Development Fund by October
Govt plans new TTDF with higher outlay by October to boost telecom R&D, says Pemmasani
The Economic TimesImage: The Economic Times
The Indian government plans to introduce a new Telecom Technology Development Fund (TTDF) with a higher budget by October 2026, aimed at boosting research and development in the telecom sector, particularly in 6G technology. Minister Pemmasani Chandra Sekhar emphasized the need for increased innovation and investment in R&D.
- 01The new TTDF will have a higher outlay than the previous fund.
- 02Approximately ₹540 crore has been sanctioned to over 100 companies under the current TTDF scheme.
- 03The fund aims to support advancements in 6G technology.
- 04A production linked incentive scheme generated sales of around ₹62,000 crore.
- 05Final approval for the new TTDF is expected by October 2026.
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The Indian government is set to launch a new Telecom Technology Development Fund (TTDF) by October 2026, according to Pemmasani Chandra Sekhar, the Minister of State for Telecom. This initiative aims to enhance research and development in the telecom sector, particularly focusing on 6G technology. So far, the government has allocated ₹540 crore to more than 100 companies under the existing TTDF scheme. The new fund will feature a larger budget and improved co-funding mechanisms to ensure effective utilization. Minister Pemmasani highlighted the importance of fostering innovation in the industry, supported by financial initiatives like the Production Linked Incentive (PLI) scheme, which has a budget of ₹12,000 crore and has generated approximately ₹62,000 crore in sales. The approval process for the new TTDF has commenced, with expectations for finalization by October.
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The new TTDF will likely stimulate job creation and innovation in the telecom sector, benefiting companies involved in telecom research and development.
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