Wednesday, 7 September 2011

Make profits but not at nation's cost, Sibal to telcos - Business

Telecom Minister Kapil Sibal.

Telecom Minister Kapil Sibal on Tuesday warned that the growth of the telecom industry would be hurt if companies did not align their profit-making motives with the national interest and such a scenario could lead to over-regulation of the sector.

"If national interest is on one platform and you are on a profit-making platform, nothing is going to work. If the growth does not benefit the country, then there will be regulations," Sibal said while speaking at an international workshop on regulatory frameworks, organised by telecom sector regulator Trai.

He emphasised that regulation was required to prevent the abuse of existing facilities, but over-regulation would hurt growth.

"If it is an over-regulated environment, then you can not get growth. If it's under-regulated, then you get abused. So deciding on an optimal level is a challenge," Sibal said.

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