“India Telecom 2021” Event Inaugurated

What is the News?

Union Minister for Communications inaugurated India Telecom 2021 Event.

About India Telecom 2021:

• Organised by: Telecom Equipment Export Promotion Council(TEPC) under Market Access Initiative Scheme (MAI) of the Department of Commerce.
• The event has the support of the Department of Telecommunications & Ministry of External Affairs.
• Purpose: It is an exclusive international business expo. It aims to provide opportunities to the Indian telecom stakeholders to meet qualified overseas buyers.
• 40 Indian telecom companies and 200 foreign delegates from more than 45 countries are attending the event.

About TEPC:

• Setup by: Ministry of Commerce & Industry and Ministry of Communications
• Aim: To promote and develop Export of Telecom Equipment and Services.
• Functions: The council undertakes several activities aimed at exports promotion such as;
  • Commissioning of Studies to find potential markets
  • Recommending to the Government for making necessary changes in various policies and procedures for promotion of Exports and Services.
  • Holding of National/International Seminars
  • Facilitating the participation of exporters in various overseas exhibitions
  • Dissemination of trade-related data to its members.

Market Access Initiative (MAI) Scheme

• Nodal Ministry: Department of Commerce, Ministry of Commerce and Industry
• Objective: It is an Export Promotion Scheme. The scheme aims to act as a catalyst to promote India’s exports on a sustained basis.
• Product and Country Focus Approach: The scheme is formulated on the basis of the product and country focus approach. It will evolve specific markets and specific products through market studies/surveys.

Source: PIB