India’s 1st Telecom Manufacturing Zone to come up in Gwalior; Rs 2,000 cr investment, 4,500 jobs in first phase

New Delhi [India], July 30 (ANI): India on Thursday signed an agreement to set up the country’s first Telecom Manufacturing Zone (TMZ) in Gwalior, with the Centre expecting investments of Rs 2,000 crore and creation of over 4,500 jobs in the first phase, while targeting investments of at least Rs 10,000 crore in the next stage.

The Memorandum of Understanding (MoU) was signed between the Department of Telecommunications (DoT) and the Madhya Pradesh government’s Industries Department in the presence of Union Minister for Communications Jyotiraditya Scindia, Madhya Pradesh Chief Minister Mohan Yadav and Minister of State for Communications Chandrashekhar Pemmasani.