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.