10 months ago
GX Group to Invest ₹1,500 Crore in Photonics, Quantum Solutions
GX Group, a company that makes broadband equipment, plans to invest a lot of money to build new technology.
They're working on advanced modules for things like super-fast internet and new ways of computing, like quantum.
They will begin with an initial investment, then set up facilities in India.
They will initially get chips from Netherlands.
The goal is to build the technology in India, and later start manufacturing there too.
They hope to make a lot of money in the next few years.
They will also hire more engineers.
They plan to sell these new technologies in India and other countries, including the US, China, and Europe.
GX Group will invest ₹1,500 crore in photonics modules and quantum computing.
The investment will be made over the next four years.
Phase-I investment is supported by Invest International (Netherlands).
The company will start R&D, IP rights, and design rights in India.
Facilities are planned in Rajasthan, Andhra Pradesh, or Uttar Pradesh; chips rollout expected by October 2026.
- Who
- GX Group
- What
- Investing ₹1,500 crore in photonics modules and quantum computing solutions.
- Where
- India (facilities in Rajasthan, Andhra Pradesh, and Uttar Pradesh under consideration)
- When
- Over the next four years
- Why
- To develop advanced technologies for broadband, 5G/6G, and quantum communication; scale manufacturing in India.
Key facts
- Company
- GX Group
- Investment Amount
- ₹1,500 crore
- Investment Period
- Next four years
- Focus
- Photonics modules, quantum computing
- Phase-I Investment
- ₹500 crore
- Target Revenue (next 2 years)
- ₹1,000 crore
Quotes
Paritosh Prajapati
Chief Executive Officer, GX Group
“The investment will go into research and development (R&D), which will build the technology for the future, and GX Group will also do all the IP rights and design rights in India itself”
thehindubusinessline.com
“Right now, we have 20 per cent of the total production going to the export markets, which we want to scale up to 50 per cent (and 50 per cent for domestic) in the next few years”
thehindubusinessline.com
Sources
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