Broadband equipment manufacturer GX Group announced plans to invest ₹500 crore to establish a photonic module and chip subsidiary in India.
The new venture aims to bolster GX Group’s presence in the rapidly growing Indian telecommunications and data center markets.
The subsidiary will be headquartered in Manesar, Gurgaon, and is expected to generate over 300 direct jobs.
GX Group CEO Paritosh Prajapati emphasized that the Phase 1 investment will be allocated towards setting up a manufacturing facility in Bhiwadi, Rajasthan, and expanding the company’s existing research and development (R&D) center in Chennai.
Operations at both the manufacturing facility and the R&D center are slated to commence by the first quarter of fiscal year 2027.
Following the operational launch, GX Group plans to begin rolling out chips, with availability in the local market anticipated by October 2026.
The move is part of GX Group’s strategy to tap into India’s burgeoning quantum photonics market, which is projected to be worth about USD 50 billion.
The company’s existing customer base includes major telecom operators and data center companies such as Airtel, ACT, and Tata Play, all of which have expressed interest in the forthcoming products.
This investment underscores GX Group’s commitment to strengthening its foothold in India and contributing to the country’s technological advancement in the field of photonics.
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