At Cisco’s router factory inauguration in Tamil Nadu, Union Minister Jyotiraditya Scindia announced new telecom manufacturing zones, spotlighting India’s growth and attracting foreign investment.
Union Minister Jyotiraditya M. Scindia announced on Friday that the Indian government is establishing telecommunication equipment manufacturing zones, anticipating an influx of foreign direct investment (FDI) in the sector.
Speaking at an event, the Union Minister for Communications and Development of the North Eastern region highlighted that India has exported mobile phones worth ₹1.28 trillion over the past decade.
Scindia recalled that India used to import mobile phones, exporting only ₹15 billion mainly, but noted that the country has now become the second-largest mobile phone producer globally, manufacturing 30 crore units.
He mentioned that mobile phone value addition has risen by 20 percent due to changes in FDI norms. He further explained that India had attracted nearly $98 billion in FDI over the past decade, experiencing a 60 percent growth to reach $160 billion.
With $39 billion in FDI, the telecom equipment manufacturing industry is ready for a similar revolution. He noted that India had achieved the fastest 5G rollout, with coverage in 98 percent of its cities.
Scindia and Tamil Nadu’s Minister for Industries, TRB Rajaa, inaugurated Cisco’s manufacturing facility at Sriperumbudur during the event. The ministers later toured the new telecom equipment manufacturing site.
He noted that the facility would drive India’s growth through job creation, innovation, and the showcase of ‘Made in India’ products.
Minister Rajaa added that Cisco’s facility would solidify Tamil Nadu’s status as India’s advanced electronics capital. The factory will produce network convergence system routers, contributing to high-quality job creation in the state.
The Sriperumbudur facility is also expected to export products to Mexico, Japan, Australia, the Netherlands, and the United States.
This initiative will further promote growth in the micro, small, and medium enterprises sector, he added.
