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Sitharaman said a scheme for design-led manufacturing will be launched to build a strong ecosystem for 5G as part of (Production-Linked Incentive) scheme.
Telecom is among the most powerful sectors impacting the social and economic development of a country.
According to a monthly telecom subscribers report released by the telecom regulator Trai on Tuesday, Jio now leads the fixed-line broadband segment with 4.34 million customers.
The statement further said that telcos including Airtel, Jio and Vodafone Idea have established 5G trials sites.
Speaking at the India Mobile Congress, he said India must complete the migration from 2G to 4G and 5G at the earliest.
The union government has advised people against subscribing to Starlink Internet Services, a division of billionaire Elon Musk's SpaceX aerospace company, as it does not have a licence to operate in the country.
Starlink has announced that it will first focus on 10 rural Lok Sabha constituencies to provide internet services.
In a virtual address at the Sydney Dialogue, he said the digital age is changing everything as it has redefined politics, economies and societies and has raised new questions on sovereignty, governance, ethics, rights and security.
In India, Starlink plans to carry on the business of telecommunication services including satellite broadband internet services, content storage and streaming, multi-media communication, among others.
While keeping its social media services like 'Facebook' , 'Insta' and 'Whatsapp' intact, the company plans to take a plunge into the the next possible big thing- 'metaverse'.