Bharti Enterprises vice chairman Akhil Gupta points out that if the aim is to provide jobs then the investment must be made to go into areas that create jobs.
Taking the example of the telecom sector and the upcoming 5G auctions, Gupta says the national digital communication policy says that maximising revenue is not the aim of the government. Then why is it that the 5G reserve prices are so high? Gupta asks.
“Make them nominal and put stringent roll out conditions, which means that the capital that the industry puts in will have to go towards creation of that infrastructure leading to job creation. The government will get revenue on the basis of revenue share,” Gupta adds.