Gwalior to Host Asia's First Telecom Manufacturing Zone (TMZ)
Why in News?
Union Minister Jyotiraditya Scindia announced that 24 companies have proposed a combined ₹5,500 crore investment for Asia's first dedicated Telecom Manufacturing Zone, to be set up in Gwalior, Madhya Pradesh. The zone is expected to house 24–25 telecom equipment/component manufacturers and generate over 18,000 direct jobs, positioning Gwalior as a major telecom hub.
Key Highlights
- Asia's first Telecom Manufacturing Zone (TMZ) to come up in Gwalior, Madhya Pradesh
- 24 companies proposed a combined ₹5,500 crore investment
- Expected to create 18,000+ direct jobs
- Announced by Union Minister Jyotiraditya Scindia
Static GK
- The Department of Telecommunications works under the Ministry of Communications
- The PLI scheme for telecom equipment was launched in 2021