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Samsung to raise investment on India's 4G mobile market: Ravi Shankar Prasad
TT Correspondent |  |  20 Oct 2014

The Telecom Ministry in a statement on Prasad's visit said that Samsung IT and Mobile Communications President and CEO Jong Kyun Shin in the meeting with the Minister "expressed great hope in the India's 4G mobile market and expressed his desire to make big investments in India", Reports PTI.

Major Indian telecom operators, including Reliance Jio, plan to start 4G services from next year. Bharti Airtel and Aircel have already launched these high-speed services in some parts of the country.

Prasad is on a 5-day visit to South Korea to woo investments in the country in the field of electronics manufacturing and under the 'Make In India' program.

"Met CEO Samsung. Discussed NOFN and Smart city projects. They are keen on India's 4G mobile market. (They) want to increase investment," Prasad tweeted after his meeting.

The minister also talked about National Optical Fiber Network programme - which aims to connect all 2.5 lakh village panchayat by 2017 - and the Smart City plan.

Government has plan to develop 100 smart cities, as satellite towns of larger cities and by modernizing the existing mid-sized cities.

The telecom minister will also attend the Plenipotentiary Conference 2014 of the International Telecom Union - an arm of United Nations which decides on global telecom rules and standards.

Prasad also met LG Chemical President Young Soo Kwon and shared the vision of Indian government for promoting solar power as a clean source of energy and appealed for its investment in the country.

    
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20 Oct 2014(IST)  
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