Bengaluru, NFAPost: The Department of Telecommunications (DoT) organised its 3rd Investors’ Roundtable in Bengaluru today to engage with leading technology, telecom, semiconductor and electronics industry stakeholders on investment opportunities in India’s first integrated Telecom Manufacturing Zone (TMZ) coming up in Gwalior, Madhya Pradesh.
“24 companies already on board, propose to invest Rs 5,500 crore in Gwalior Telecom Manufacturing Zone,” said Union Minister of Communications Jyotiraditya M. Scindia
The roundtable, chaired by Union Minister of Communications Jyotiraditya M. Scindia along with Madhya Pradesh Chief Minister Mohan Yadav brought together industry leaders and potential investors to deliberate on strengthening domestic telecom manufacturing capabilities, enhancing value addition, promoting research and development, encouraging innovation, supporting exports and developing a globally competitive telecom and electronics ecosystem.
Speaking on the occasion, Union Minister of Communications Jyotiraditya M. Scindia said the Telecom Manufacturing Zone is a powerful example of cooperative federalism in action.
“The Union Government and the Madhya Pradesh Government are working hand in hand, with the State putting in place incentives and subsidies of around ₹8,000 crore. This kind of collaborative approach creates the confidence for the private sector to invest, innovate and scale,” said Union Minister of Communications Jyotiraditya M. Scindia
Union Minister of Communications Jyotiraditya M. Scindia further added India is now moving decisively from being a services-led nation to a product-led nation.
“In telecom, our three priorities are clear: increase domestic value addition, create intellectual property in India, and take Indian-designed and Indian-manufactured products to every corner of the world. We have seen India’s Atmanirbharta journey gather momentum across sectors, from semiconductors to aviation. The next frontier is telecom,” said Union Minister of Communications Jyotiraditya M. Scindia.
He also said under Prime Minister Narendra Modi’s vision of Make in India, Make for India and Make for the World, India must now also Design in the country and build products that compete globally.
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