Latest news with #SunilBhartiMittal
Time of India
3 days ago
- Business
- Time of India
AI is a generational shift, with impact far greater than internet: Sunil Mittal
Artificial intelligence is a generational shift, with its impact far greater than the internet, that touches almost every aspect of our lives, said Sunil Bharti Mittal , chairman, Bharti Enterprises . Speaking at the CII Annual Business Summit 2025 , the former CII president said a significant impact of AI in India is its effect on employment, particularly given India's large, young workforce. Mittal said AI will create difficulties in areas like software engineering, noting that now even a layman can speak to a machine to write code. 'India has the largest workforce, the youngest developing in the world. There are 20 million children in the age group six to sixteen. In ten year's time, they will be sixteen to twenty-six, each wanting a job. AI will create difficulties in that area. Some parts are clearly visible today,' Mittal said. However, Mittal said AI will also create new opportunities and more jobs. 'Using AI will become absolutely important for everyone, especially in emerging countries like India,' the executive said. Mittal said that while Indian industry is committed to national progress, an enabling environment from the government is essential to remove bottlenecks and accelerate India's development journey. He presented an industry wish list to the government, including key asks on Ease of Doing Business, GST reforms, and corporate taxation. Mittal highlighted the demographic advantage India holds as other developed nations ages and immigration barriers rise. 'Industry and academia must go beyond surface-level collaboration and jointly build a globally competitive, job-ready workforce. Emerging fields such as AI, green energy, space communication, and next-gen telecom demand urgent attention,' he said. Mittal also expressed concern over India spending less than 1% of its GDP on research and development, asking the industry to step up and invest aggressively in deep tech and innovation. 'Our large domestic market gives us scale, but we need intellectual leadership too. Only then can the government scale its R&D efforts with confidence,' Mittal said. The executive also called for a trade reset, advocating for a fundamental shift in India's approach to trade and exports. 'We must diversify our export basket and focus on products and services that are needed globally. No raw material should leave our shores without value addition,' Mittal said.
Hans India
3 days ago
- Business
- Hans India
GCC growth steps in right direction: Sunil Mittal
New Delhi: Sunil Bharti Mittal, Chairman of Bharti Enterprises, on Thursday urged the industry to aspire for bigger goals and build trust with all stakeholders in the nation's development. Speaking at the CII 'Annual Business Summit' in the national capital, he highlighted four key pillars that need focus, in order to build on the country's potential. He also cited the example of India's success in 5G deployment. Mittal said the nation 'must recognise the demographic dividend'. India's young and energetic workforce can be an asset for the developed world, which is ageing and tightening its immigration policies, but the industry and government must work towards making this talent pool job-ready for the future, he mentioned. 'The rapid growth of global capability centres (GCCs) in India is a clear signal of this potential,' Mittal added. On the research and development front, the country needs to ramp up its investment in innovation as well as deep scientific research, and the industry needs to take the lead. A public-private partnership in R&D can create a multiplier effect in India, said Mittal. 'We need to build purpose-driven products and services and focus on exporting with greater value addition. Over the next 10 years, with the right investments, we can see a transformation - especially in semiconductors, which are becoming strategically vital,' Mittal told the gathering. He also cited the example of northeastern states that are rich in oil and gas reserves that are not yet fully tapped.
India Gazette
3 days ago
- Business
- India Gazette
Sunil Mittal advocates FTAs and One Nation, One Election for India's economic growth
New Delhi [India] May 29 (ANI): Bharti Enterprises Chairman Sunil Bharti Mittal on Thursday praised recently concluded Free Trade Agreements (FTAs) and advocated for One Nation, One Election for India's economic growth. Speaking at the Confederation of Indian Industry's (CII) Annual Business Summit-2025 in New Delhi, Bharti Enterprises Chairman Sunil Bharti Mittal said, 'Many new FTAs have been done. The UK has recently signed. Our Prime Minister really pushed hard so that we could get to the FTA with the UK. Australia was done earlier. The UAE FTA has been done recently. The BTA with the US, the FTA with the EU, and the negotiations with Saudi Arabia are in very advanced stages. I think we have to ensure that the government not just merely safeguards our interest while doing the FTAs, which it will be, but it's also important that we as industry and chambers don't ask for things which will make the FTAs difficult.' The central government is negotiating FTAs with the European Union and bilateral trade agreements with the US and many other countries. Mittal said that Free Trade Agreements (FTAs) will benefit both partners, and the industry will play its part. Mittal also advocated for 'One Nation, One Election' as proposed by the Modi government; he highlighted that more frequent elections pause economic growth. 'A lot of restrictions come on the economic activities, and our elections are repeatedly happening every few months, every other year. These multiple elections do create a slowdown in our economy. I think the ruling party and the Prime Minister himself analysed this and realised the importance of having One Nation, One Election, and if you can't do it in one step, perhaps it happens in two steps the first time. But eventually, my friends, we really need to get there,' Mittal said. Highlighting four key pillars for India's growth, he said talent dividend, research and development, trade research, and policy framework are the four main pillars of economic growth. Mittal said that the government is actively reforming, but it also needs support from the industry. 'The government also has certain expectations of us. We need to engage with the government to hear their views, seek their input, and ask what is needed from their side to build in the country. 5G was a fine example. Industry would have taken a few more years. The government engaged with us. Give us a very clear message that India would like to see 5G much faster than is currently being planned,' he said, explaining the need to engage with the government. Mittal said that the Indian industry will do everything possible to create more employment opportunities in the country. 'Industry will do everything possible to generate more employment, spend more in R&D, create import substitution, and expand its export basket. We need your help. We need enabling policies, especially in the area of ease of doing business,' he said. (ANI)
Time of India
3 days ago
- Business
- Time of India
After backhaul, DoT seeks TRAI's views on pricing for 800/900/1800 MHz, other spectrum bands
The government has approached telecom regulator TRAI for recommendations on reserve price and other modalities for the auction of at least nine mainstream spectrum bands, including 800 MHz, 900 MHz and 1800 MHz, that are primarily used for transmitting mobile phone voice and data signals. Sources told PTI that Telecom Regulatory Authority of India (TRAI) has been asked for its views on 2500 MHz, 3300 MHz and 26 GHz bands, as well. DoT has also urged the telecom regulator to offer fresh recommendations for auction of spectrum in 600 MHz bands. In the last auction in 2024, this particular band - 600 MHz (612-652/663-703) had not been put on the block as it did not find any takers in the 2022 auctions. "In the ITU Radio regulations also, this band has not been identified at the regional or global level for international mobile telecommunication. It was also decided that fresh consultation with TRAI may be taken before putting up this band for view of the above, there is a need to re-examine and seek fresh recommendations for the auction of spectrum in the 600 MHz band," DoT has said in its reference to TRAI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Artificial Intelligence and Machine Learning For Working Professionals. BITS Pilani WILP Apply Now Undo TRAI has also been asked to look at the possibility of auction for newly identified 6,425-6,725 MHz and 7,025-7,125 MHz bands for recommendations on auction timing, band plan, reserve price, and terms and conditions. This latest reference by DoT seeks TRAI's recommendations on reserve price, band plan, block size, quantum of spectrum to be auctioned and associated conditions for auction of spectrum in the existing bands -- 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz, 26 GHz bands, sources said. Live Events In the last auction held in 2024, Sunil Bharti Mittal's Airtel had emerged as the biggest bidder for radio waves, cornering about 60 per cent of the Rs 11,341 crore worth of spectrum sold after two days of bidding in June last year. While Bharti Airtel bid and won airwaves worth Rs 6,856.76 crore, rival Mukesh Ambani's Reliance Jio - the market leader - had got Rs 973.62 crore worth of spectrum - the least in the three-corner contest. Troubled Vodafone Idea had bagged spectrum valued Rs 3,510.4 crore. In all, 141.4 MHz of radio waves were sold for Rs 11,340.78 crore in the 2024 auction. The government had offered a total of 10 GHz of spectrum ranging between 800 MHz and 26 GHz, which was worth Rs 96,238 crore at the base or auction start price; However, only a small amount of the spectrum on offer got sold in seven rounds of auction held last year. On Wednesday, TRAI began the consultation process on another important piece of connectivity - the backhaul spectrum. TRAI floated a consultation paper for assignment of spectrum in six bands traditionally used for microwave backhaul (between mobile towers), as well as E and V bands, as the regulator sought stakeholder views on aspects like demand, terms and conditions, and charges. Wednesday's discussion paper -- separate from the latest reference on mainstream mobile access bands -- pertained to the assignment of the microwave spectrum in lower 6 GHz, 7 GHz, 13 GHz, 15 GHz, 18 GHz, 21 GHz Bands, E-Band, and V-Band.
Time of India
3 days ago
- Business
- Time of India
Artificial intelligence is a generational shift, with its impact far greater than the internet: Sunil Mittal
Artificial intelligence is a generational shift, with its impact far greater than the internet, that touches almost every aspect of our lives, said Sunil Bharti Mittal , chairman, Bharti Enterprises . Speaking at the CII Annual Business Summit 2025 , the former CII president said a significant impact of AI in India is its effect on employment, particularly given India's large, young workforce. Mittal said AI will create difficulties in areas like software engineering, noting that now even a layman can speak to a machine to write code. 'India has the largest workforce, the youngest developing in the world. There are 20 million children in the age group six to sixteen. In ten year's time, they will be sixteen to twenty-six, each wanting a job. AI will create difficulties in that area. Some parts are clearly visible today,' Mittal said. However, Mittal said AI will also create new opportunities and more jobs. 'Using AI will become absolutely important for everyone, especially in emerging countries like India,' the executive said. Mittal said that while Indian industry is committed to national progress, an enabling environment from the government is essential to remove bottlenecks and accelerate India's development journey. He presented an industry wish list to the government, including key asks on Ease of Doing Business, GST reforms, and corporate taxation. Mittal highlighted the demographic advantage India holds as other developed nations ages and immigration barriers rise. 'Industry and academia must go beyond surface-level collaboration and jointly build a globally competitive, job-ready workforce. Emerging fields such as AI, green energy, space communication, and next-gen telecom demand urgent attention,' he said. Mittal also expressed concern over India spending less than 1% of its GDP on research and development, asking the industry to step up and invest aggressively in deep tech and innovation. 'Our large domestic market gives us scale, but we need intellectual leadership too. Only then can the government scale its R&D efforts with confidence,' Mittal said. The executive also called for a trade reset, advocating for a fundamental shift in India's approach to trade and exports. 'We must diversify our export basket and focus on products and services that are needed globally. No raw material should leave our shores without value addition,' Mittal said.
