New Delhi, Sep 21 (IANS) The Department of Telecommunications (DoT), Ministry of Communications, is organising an investors’ meeting in Bengaluru to strengthen industry participation and attract investment in Asia’s first Telecom Manufacturing Zone (TMZ) being established in Gwalior.
The engagement builds on investment momentum generated through earlier meetings in New Delhi and Mumbai, according to an official statement issued on Monday.
Union Minister of Communications Jyotiraditya M. Scindia, along with Madhya Pradesh Chief Minister Mohan Yadav, will host the meeting. It will bring together leading telecom manufacturers, technology companies, electronics and component makers, investors, infrastructure providers and other stakeholders from across the telecom ecosystem.
The engagement will focus on unlocking investment opportunities, strengthening domestic manufacturing capabilities, promoting innovation and creating a globally competitive telecom manufacturing ecosystem. An attractive incentive package has been announced under TMZ to boost India’s share in telecom manufacturing, designed with industry inputs, the statement said.
Earlier investor roundtables in New Delhi and Mumbai have already resulted in commitments worth Rs 5,500 crore, with the potential to create close to 18,000 jobs.
The Bengaluru meet is expected to build further momentum by connecting the TMZ initiative with the city’s strong technology, electronics, telecom and innovation ecosystem. The interaction will provide opportunities for manufacturing, R&D, technology partnerships, supply-chain integration and employment generation through the Telecom Manufacturing Zone.
The establishment of the TMZ is seen as a significant step towards advancing the vision of Aatmanirbhar Bharat in the telecom sector. The initiative aims to strengthen domestic value chains, reduce import dependence, promote indigenous design and manufacturing, boost exports and position India as a trusted global hub for telecom products and next-generation technologies.
The proposed TMZ in Gwalior is envisaged as an integrated, plug-and-play industrial cluster for telecom manufacturing, R&D, and innovation, covering mobile devices, optical fibre, telecom equipment, and next-generation 5G/6G technologies.
Under a recently signed MoU, the Central Government is providing 100 per cent funding support of Rs 493 crore for Phase-I. In contrast, the Government of Madhya Pradesh has provided approximately 170 acres of land free of cost along with various investor incentives.
A special purpose vehicle (SPV) has been established with 51 per cent equity from the Government of Madhya Pradesh and 49 per cent from the Department of Telecommunications.
–IANS
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