Maharashtra Chief Minister Devendra Fadnavis today said all gram panchayats in the state will be connected by fibre optic by 2018
The State Council said the government will invest more than 430 billion yuan (USD 69.3 billion) this year on network construction, with at least another 700 billion yuan (USD 112.8 billion) spent over the following two years.
Udayan Mukherjee, managing editor, CNBC-TV18, says that investors need to separate the sentiment from the material impact which is attached to the Rs 1200-crore nationwide fibre optic network sharing deal between Reliance Jio Infocomm, the 4G telecom arm of Mukesh Ambani's Reliance Industries, and Anil Ambani-owned Reliance Communications.
While the full vision of his broadband-enabled India will only emerge over time, his ambition is to become the most powerful data player in the country.