BIF said the reserve price of 5G spectrum is 'too high', works out to be 4 times higher than other countries.
Minister Ravi Shankar Prasad told parliament that six proposals have been received for 5G trials, including from Huawei.
The telecom regulator has now suggested a lower lock-in period of two years for this band against 5 years prescribed earlier.
Samsung is already working with carriers in South Korea, the US and parts of Europe, said Samsung's Junehee Lee.
Move to 5G is expected to open up new revenue opportunities for carriers and disruptive new use cases for many industries.
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