1 month ago
14 Firms Commit ₹3,500 Cr to Gwalior Telecom Hub
India is building a big factory in Gwalior where many telecom companies will make and test phones, routers, and other gadgets.
Fourteen companies, like HFCL and Dixon, have promised to invest a total of ₹3,500 crore.
The government will give land, money, and low‑cost power to help them.
The plan should create about 14,000 new jobs.
The goal is to bring even more money into the zone and make India a leader in telecom technology.
Fourteen companies, including HFCL, Dixon, and VVDN, pledged ₹3,500 crore for India’s first telecom manufacturing zone in Gwalior, Madhya Pradesh.
The zone will be a joint venture with 51% state government stake and 49% central government, aiming to design, manufacture, and test telecom equipment locally.
Central government committed ₹493 crore for infrastructure, while the state will provide land, capital support, R&D subsidies, and low‑cost power and water.
Companies plan to create 14,000 jobs, with Dixon targeting 1,200, HFCL 750, and VVDN 5,000, and HFCL’s factory will focus on optical connectivity for exports.
The long‑term goal is to attract ₹10,000 crore in investment, with the state offering up to ₹8,000 crore in incentives over ten years.
- Who
- 14 telecom companies including HFCL Ltd, Dixon Technologies (India) Ltd, and VVDN Technologies, and the Indian central and Madhya Pradesh governments
- What
- commit ₹3,500 crore to build India’s first telecom manufacturing zone in Gwalior
- Where
- Gwalior, Madhya Pradesh, India
- When
- announced Thursday
- Why
- to create a centralized hub for telecom equipment, boost competitiveness, generate jobs, and attract further investment
Key facts
- Total investment pledged
- ₹3,500 crore
- Central government investment
- ₹493 crore
- State government land
- 170 acres
- Jobs created
- 14,000
- Long‑term investment goal
- ₹10,000 crore
Quotes
Jyotiraditya Scindia
Communications Minister of India
“By bringing the entire telecom value chain under one roof from R&D and design to testing and production, the project will significantly enhance India’s global competitiveness in the telecom sector,”
livemint.com
“It is a very heartening investment. Dixon is tentatively looking to invest around ₹200 crore with expected employment of 1200 people,”
livemint.com
Sources
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