WiMAX forum’s first Indian chapter exposition began on a positive move yesterday as the forum projected that India will have around 27.5 million subscribers of WiMAX services by 2012 making the country one of the largest markets for WiMAX in the world.

“Broadband penetration being low, the opportunity for operators to gain large numbers of subscribers through WiMAX is incredible. Any service provider with innovative service offerings, attractive devices and go-to-market plans that maximise the utility offered by WiMAX technology to price-sensitive Indian customers can use this ready and proven technology to quickly gain market share,” said Mr C. S. Rao, Chairman, WiMax Forum, India chapter.

In terms of revenue potential, Indian WiMAX market is estimated to be worth $ 13 billion.

The forum also used the occasion to announce that it is in the early stages of planning a WiMAX Applications Lab at the Indian Institute of Technology, Delhi.