Japan’s Cabinet on Tuesday approved a bill to support companies to develop secure 5G mobile networks and drone technologies amid growing alarm among Tokyo policymakers over the increasing influence of China’s 5G technology.

The bill will give companies which develop such technologies access to low-interest rate loans from government-affiliated financial institutions if their plans fulfill standards on cyber security

Companies that adopt 5G technologies can also get tax incentives if they meet standards set by the government, according to the bill.

The government will submit the bill to the parliament and aims to bring it to effect around summer.

Fujitsu said it has been granted Japan's first private 5G radio station provisional license by the Kanto Bureau of Telecommunications. As a next step, Fujitsu will establish a radio station emitting private 5G radio waves in order to verify private 5G network systems at its Shin-Kawasaki Technology Square office in Kawasaki, Japan.

In the spring of this year, Fujitsu will also move to open a "FUJITSU Collaboration Lab," which will serve as a dedicated co-creation space for collaborating with customers and partners to workshop and verify use cases utilizing private 5G.

Moving forward, Fujitsu will continue to apply for private 5G licenses for its other office locations, plants, and group companies in Japan, offering support for its customers in various industries.

Private 5G network technology promises to unlock numerous business applications in a variety of industries, such as accelerating the deployment of IoT in manufacturing, creating secure networks for remote operations and enhancing surveillance at construction sites and medical facilities.