The stupendous growth of the
telecommunication companies in India over the last fifteen years can be attributed to the liberal government of India, economic policy. The economic renaissance effected in the early 1990s brought around a paradigm shift on the overall business scenario of India. The telecommunication companies in India went through a huge make-over during the implementation of the open-market policy of India. The erstwhile closed market policy was replaced by a more liberal form of economic policy. A whole new form of Indian Telecommunication Policy was drafted to compliment the change effected in the economic policy of India. The amendment effected the new telecommunication policy of India made huge changes with respect to investments and entry of Foreign Direct Investments (FDI) and Foreign Institution Investors (FII) respectively, into the virgin Indian telecommunication market. This resulted entry of private, domestic and foreign telecommunication companies in India.
The economic contribution made by these newly formed telecommunication companies of India is really mentioned worthy and this industry witnessed highest growth after the Indian Information Technology industry. The robust growth of Indian economy after the economic liberalization in the 1990s induced massive change in the telecom policy and new draft was framed and implemented by the 'Telecom Regulatory Authority of India' (TRAI) and 'Department of Telecommunication' (DOT), under the Ministry of Telecommunication government of India. The main aim of these telecommunication companies in India is to provide basic telephony services to each and every Indian.
With the advent of private telecommunication companies in India, the industry witnessed introduction of mobile telephones into the Indian market and it became popular amongst the Indian masses in no time. Today two types of mobile phone service providers operates in the Indian market, like the following -
- Global System for Mobile Communications (GSM)
- Code Division Multiple Access (CDMA)
The main binding objective for all the telecommunication companies operating in India are as follows -
- To facilitate telecommunication for all
- Ensuring quick availability of telephone connectivity
- Achieve universal service access at affordable price covering all Indian villages, as early as possible
- Providing world class telecommunication services
- Solving consumer complaints, resolve disputes, and special attention to be given to public interface
- To provide widest possible range of services at reasonable prices
- To emerges as a major manufacturing base and major exporter of telecommunication equipment
- To protect the defense and security interests of the country
Three types of service providers exist in the Indian telecommunication sector, like the following -
- State owned companies like - Bharat Sanchar Nigam Ltd, Videsh Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd
- Private Indian owned companies like - Reliance Infocomm and Tata Teleservices.
- Foreign invested companies like - Hutchison-Essar, Bharti Tele-Ventures, Escotel, Idea Cellular, BPL Mobile, Spice Communications etc.
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