The Department of Telecommunications (DoT) and the Government of Madhya Pradesh on 30th July signed a Memorandum of Understanding (MoU) for the establishment of a Telecom Manufacturing Zone (TMZ) in Gwalior, Madhya Pradesh.
Key Points
The Telecom Manufacturing Zone is envisaged as an integrated 350-acre plug-and-play industrial cluster, designed to provide world-class infrastructure and a conducive ecosystem for telecom and electronics manufacturing, research and development, innovation and allied activities.
The initiative is aimed at positioning Gwalior as a premier industrial and technology hub in Central India and strengthening India’s position as a global telecom manufacturing and innovation hub.
The signing of the MoU will pave the way for the establishment of a Special Purpose Vehicle (SPV) for the TMZ, with 51 per cent equity from the Government of Madhya Pradesh and 49 per cent from the Department of Telecommunications.
The Central Government is providing 100 per cent funding support for Phase-I, with an allocation of ₹493 crore for development of core infrastructure.
The Government of Madhya Pradesh, in turn, has extended significant support for the project, including approximately 170 acres of land free of cost. The TMZ is envisaged to bring together the entire telecom value chain, ranging from mobile devices and optical fibre to advanced semiconductor technologies and next-generation 5G/6G research and development.
Source: PIB
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