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Sterlite Technologies Limited reorganize its organisational structure to support government’s Digital India initiative

India: Sterlite Technologies Limited, a Mumbai-based Indian company has restructured its telecom business into three units to support and cash on Indian Government’s Digital India initiative.  Further, the company has also started to demerge its power business into a complete separate business entity.

The company has created three new business units in telecom business, namely, India Public Consumer Unit (CU), India Private Consumer Unit and India International Consumer Unit. India Public CU would provide solutions for government owned, or led projects, such as Smart City Projects, Digital India initiative, Network for Spectrum, etc. On the other hand, India Private CU would engage in providing solutions to domestic private telecommunication companies, tower companies, cable industry players, and other private companies engaged in network integration and associated products, such as optical fibre cable, etc. Further, the company’s India International CU would focus on expanding company’s geographical presence and reach to different countries.

According to company’s CEO Anand Agarwal, “The company plans to invest INR4 Lakhs over the period of 5-years for the development of Digital India infrastructure. In order to provide better quality services and to establish themselves as preferred partner of choice for the infrastructure development, the company has restructured its core business operations to align themselves in accordance to the Indian government’s initiative towards Digital India.”

TechSci Research depicts that restructuring of Sterlite’s telecom business will provide an appropriate platform to expand its business outreach in government projects in India along with increased customer engagement and business expansion in international markets, as well.

TechSci Research, a market research and consulting firm has recently published report, “Market Study on Upcoming Smart Cities in India, 2015 By Segment (Smart Energy, Smart Environment, Smart Transportation, Smart IT & Communication, Smart Health, Smart Education, Smart Building, Smart Governance), By City Profile (Dholera Smart City, Manesar-Bawal, Khushkhera-Dhar-Mhow, Dadri-Noida-Ghaziabad, Dighi Port, Nashik-Sinnar-Igatpuri), 2015”, total estimated investment involved in smart cities project in India is USD2 Trillion, where the total budget allocated towards smart cities program was around USD1.2 Billion for 2014-15. Rising demand for empowering connected lifestyle, smart homes, smart meters, smart governance, etc. and the benefits associated would drive the investments by government towards Smart City and other Digital India projects.

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