GX Group to invest Rs 500 cr to set up photonics modules, chip arm in India
Broadband gear maker GX Group on Friday said it will set up a photonic module and chip arm in India with an initial investment of Rs 500 crore.
The new subsidiary, headquartered in Manesar, Gurgaon, is expected to create over 300 direct jobs, GX Group CEO Paritosh Prajapati said.
The group currently has about 250 employees in India.
The Phase 1 investment of Rs 500 crore will be deployed towards establishing a manufacturing facility in Bhiwadi, Rajasthan, and expansion of its existing R&D centre in Chennai, Prajapati told PTI.
The new subsidiary, headquartered in Manesar, Gurgaon, is expected to create over 300 direct jobs, GX Group CEO Paritosh Prajapati said.
The group currently has about 250 employees in India.
The Phase 1 investment of Rs 500 crore will be deployed towards establishing a manufacturing facility in Bhiwadi, Rajasthan, and expansion of its existing R&D centre in Chennai, Prajapati told PTI.
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