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Gwalior Set to Become Asia’s First Telecom Manufacturing Hub

Gwalior Set to Become Asia’s First Telecom Manufacturing Hub
Rs 5,500-crore, 18,000 jobs: Why Gwalior is set to become Asia's first massive telecom manufacturing hub - Industry News · financialexpress.com

Gwalior in Madhya Pradesh may soon become a major place for making telecom equipment.

The government plans to create a large Telecom Manufacturing Zone there.

About 24 companies have started applying to build factories.

The project could bring investments of about Rs 5,500 crore.

It may also create more than 18,000 direct jobs.

The first phase will use about 170 acres of land.

Companies could share testing facilities, workers and other infrastructure.

The government has planned incentives to encourage businesses to join.

Officials believe Gwalior’s roads, railways, airport and engineering graduates will support the project.

Key facts

Expected investment
Approximately Rs 5,500 crore
Expected direct jobs
More than 18,000
Applicant companies
About 24 companies have begun the application process
First-phase land
Approximately 170 acres: about 90 acres in SADA and 70 acres in the Gwalior IT Park
Testing facility proposal
A Common Testing Lab package worth approximately Rs 500 crore
Planned scope
Six telecom industry manufacturing verticals
Investor commitments
About Rs 3,500 crore from the Delhi roadshow and nearly Rs 2,000 crore from the Mumbai roadshow

Quotes

Jyotiraditya Scindia

Union Communications Minister overseeing the proposed Gwalior telecom manufacturing zone

“This project is not about setting up a single industrial unit, but about creating a complete industrial ecosystem comprising 24-25 telecom manufacturing units in Gwalior.”
financialexpress.com
“Interest from investors has been significant, with applications currently exceeding the land available.”
financialexpress.com

Sources

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