Rs 5,500-cr, 18,000 jobs: Why Gwalior is set to become Asia’s 1st telecom manufacturing hub

Around 24 companies have begun the application process to establish manufacturing units in Asia’s first dedicated Telecom Manufacturing Zone (TMZ) in Gwalior, Union Communications Minister Jyotiraditya Scindia said. The proposed zone is expected to attract investments of approximately Rs 5,500 crore and create more than 18,000 direct employment opportunities. It will be developed at the Shrimant Madhavrao Scindia Counter Magnet City, also known as SADA, and the Gwalior IT Park.