Despite the government’s efforts to promote the state-run telecom operator, BSNL, the company is still struggling to develop its 4G infrastructure.
Government Efforts to Promote BSNL
The government has been actively promoting BSNL to help the company develop its 4G infrastructure.
The telecom PSU is on its way for a financial recovery, said Communications minister Jyotiraditya Scindia in December last year. The Indian telecom sector has been facing a significant financial crisis for several years, with the government’s efforts to privatize the state-owned telecom PSU, BSNL, being met with resistance from various stakeholders.
The VRS 2.0 Proposal
The VRS 2.0 proposal is a plan to reduce the workforce of BSNL by 18,000 to 19,000 employees through the Voluntary Retirement Scheme 2.0.
The package included a comprehensive review of the company’s operations, a new business strategy, and a revised set of rules and regulations. The government also provided financial support to help the company recover from its financial difficulties. The company’s revival package was a significant step towards its recovery, but it was not without its challenges. The company faced criticism from various stakeholders, including investors, customers, and employees, who felt that the package did not address their concerns and did not provide sufficient support.