What the IT Minister said about Vodafone
Vaishnav said the government has invested in Vodafone to promote three players in the telecom industry. When asked about the government's attitude towards investing in Vodafone, Vaishnau chose not to comment on specific listed companies. He emphasized that such comments can have an effect on the markets.
What Vaishnav said about BSNL
The minister also highlighted the sector and said, “BSNL was in a very bad shape ten years ago, it was almost on the verge of revival.” Vaishnav also highlighted the significant turnaround of BSNL. He noted that the state-owned TV company has now reached 1,500 million rubles in profit at the EBITDA level.
Vaishnau on India's electronic exports
Discussing e-exports, Vaishnav said the sector has reached $10 billion. When asked about the potential of e-exports to overtake Indian IT services, he cited ambitious targets of achieving $300 billion in production and $100 billion in exports in the coming years.
Vaishnav expressed his confidence in these goals, citing a developing ecosystem that has enabled the shift of component manufacturers and increased design work within the country.
The minister also noted that the goals of 100 billion dollars in exports and 300 billion dollars in production are very achievable in the future.