GX Group, a Netherlands-based fiber-to-the-home gear maker, has ambitious plans for India. They will set up a new manufacturing facility in the country with an initial estimated investment of INR 100 Crore. This move aligns with India’s Atmanirbhar Bharat initiative.
GX Group’s upcoming facility will focus on manufacturing products for export to global markets. The allocated investment will be reserved for land, building, and machinery. GX Group is considering Gujarat, Tamil Nadu, and Uttar Pradesh for the project based on ecosystem maturity and incentive availability.
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The company intends to manufacture flagship connectivity products, including Wi-Fi routers, access points, Gigabit Passive Optical Network (GPON) equipment, and XGS PON devices. This will be GX Group’s second manufacturing unit in India. In 2021, they set up a plant in Haryana’s Manesar at an estimated INR 125 Crore as part of the Dutch Good Growth Fund (DGGF) initiative.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information as well as opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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