The record
Written from the 1 report below. Nothing here is unsourced.
- The central government and Madhya Pradesh have signed an MoU to set up India's first Telecom Manufacturing Zone (TMZ) in Gwalior, with an initial investment of Rs 2,000 crore from companies including Dixon Technologies, HFCL, VVDN Technologies and Syrma SGS.
- The project, spread over about 350 acres in a plug-and-play model, aims for Rs 10,000 crore investment in phase two and a potential total of Rs 35,000 crore, creating over 14,000 jobs.
- The government has approved 100% funding of Rs 500 crore for core infrastructure in the first phase, and a special purpose vehicle with 51% state and 49% Department of Telecommunications participation will manage the project.
What to watch next
- Progress on the second phase targeting Rs 10,000 crore investment
- Formation and functioning of the special purpose vehicle (51% MP government, 49% DoT)
- On-ground development of the 350-acre campus and job creation
Coverage1
1 report
Indian-language1
All filed from India
Named India · Gwalior · Department of Telecommunications · Dixon Technologies · Elcina · Government of India · Government of Madhya Pradesh · HFCL · Jyotiraditya Scindia · Ministry of Communications · Mohan Yadav · Narendra Modi · Sirma SGS
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