RT team
India is initiating the establishment of specialized telecommunication equipment manufacturing zones, signaling a significant leap in its capability to attract foreign direct investments, according to Union Minister Jyotiraditya Scindia. This announcement was made during the inauguration of Cisco’s new manufacturing unit in Tamil Nadu.
At the event, Scindia also unveiled the CISCO-FLEX manufacturing facility in Sriperumbudur, emphasizing India’s goal to ascend as a global hub for telecom manufacturing. The newly opened facility is set to produce Network Convergence System routers, which will not only bolster job creation in the region but also cater to international markets including Mexico, Japan, Australia, the Netherlands, and the USA.
Reflecting on India’s growth under Prime Minister Narendra Modi’s leadership, Scindia highlighted the substantial export of mobile phones valued at Rs 1.28 lakh crore over the past decade, a stark contrast to the earlier exports of only Rs 1,500 crore. Today, India stands as the world’s second-largest producer of mobile phones with an annual production of 300 million units.
Scindia credited this success to the enhanced value addition in mobile manufacturing, spurred by revised FDI norms, noting a $39 billion influx in FDI. He reiterated the importance of embracing similar transformative strides in the telecom equipment sector, which recently achieved a rapid 5G rollout, covering 98% of Indian cities.
The visit to the Nokia Solutions & Networks campus in Chennai further underscored the integration of Industry 4.0 technologies such as AI, AR/VR in advancing India’s telecom manufacturing capabilities, aligning with Modi’s vision for India as a manufacturing powerhouse.
