alexa certify
0

Huawei will work on 5G studies for India

To promote the use of 5G mobile technology, the Department of Telecommunications of India, DoT, announced that it would implement task forces to carry out studies on the deployment of this technology in different sectors.

One of the companies that stands out in this equipment is Huawei, the world leader in telecommunications. It has faced various trade restrictions from the United States in recent years.

The Indian government has now included the Chinese telecom equipment company in working groups for 5G networks in the country.

This decision comes amid uncertainty about the fate of Chinese tech companies in India, following New Delhi’s recent ban on more than two hundred Chinese mobile apps and its decision to restrict investments from the Asian giant.

The goal is to conduct a study and produce a report with actionable points that highlight the use of 5G mobile technology in the respective sectors. The DoT noted that it also seeks to record how the global use of 5G mobile technology in these sectors can be applied and adapted to the Indian requirements.

Limiting Huawei could affect economies across the world

The controversial case of the arrest of Meng Wanzhou, Huawei’s CFO, was described as political persecution by Alykhan Velshi, vice president of Corporate Affairs of Huawei in Canada.

Following Meng’s arrest in Vancouver on December 1, China detained two Canadian citizens, Michael Kovrig and Michael Spavor. Accused of spying, they have been kept in prison under harsh conditions. Also, China has reduced purchases of some Canadian products in retaliation for what they have called a violation of human rights.

In July, the UK announced its decision to ban and remove Huawei equipment from its territory. Matthew Howett, Assembly’s chief analyst and founder, stated that the effect of the Huawei ban could be extended to other countries with same measures. It could potentially generate broader economic consequences for any country planning to use Huawei in 5G rollout. The size of that economic impact will ultimately depend on the country’s economic output, the dependence on Huawei, and the nation’s government expectation from 5G, Howett said.

According to the Assembly’s research, the UK could lose up to £100 billion in economic gains and 350,000 potential jobs over the next ten years. The firm also stressed that the ban’s effects would hit the technology industry and manual workers. It would mean a loss of 6,000 pounds for each British household. 

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 0 (0 reviews)

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.



You might also like

Leave a Reply

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spread
    Sending
  • Trading Instrument
    Sending

Financebrokerage