Telecom major Bharti Airtel on Thursday launched a Rs 200-crore (about US$ 40 million) innovation fund for promoting entrepreneurship in the telecom sector.

The objective of the fund is to provide opportunities to the entrepreneurs to undertake innovation in the field of telecom with regard to content, software and technologies, Bharti Airtel Joint MD and CEO Manoj Kohli told reporters.

This is the first ever telecom innovation fund in the country, he said.

Source: The Economics Times