1 month ago

Gwalior to Become Telecom Hub with Rs 12,000 Crore Investment

Gwalior to Become Telecom Hub with Rs 12,000 Crore Investment
Rs 12,000 crore investment, 170-acre manufacturing zone – How Centre plans to turn Madhya Pradesh’s Gwalior into telecom hub · financialexpress.com

India’s government wants to build a big factory area in Gwalior for making telecom parts.

They plan to spend up to 12,000 crore rupees and use 170 acres of land.

The state of Madhya Pradesh will own most of it, and the central government will own the rest.

Big companies have already promised to invest 3,500 crore rupees and create 14,500 jobs.

The goal is to make India produce more of its own phone and network parts instead of buying them from other countries.

The zone will also help India export these parts to other countries.

The project is part of India’s plan to become more self‑sufficient in technology.

Key facts

Investment target
Rs 10,000–12,000 crore
Land area
170 acres (initial)
Stake distribution
Madhya Pradesh 51%, Centre 49%
First phase investment
Rs 3,500 crore
Jobs created (first phase)
14,500
Additional land offered
500 acres

Quotes

Union Minister Jyotiraditya Scindia

Union Minister overseeing telecom affairs

“"We expect total investment in the Telecom Manufacturing Zone will be in the range of Rs 10,000–Rs 12,000 crore by the end of the second phase."”
financialexpress.com

Sources

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