GX GROUP TELECOM
GX Group to make telecom gear in India for the world
GX Group plans to establish a new Rs 100-crore manufacturing facility in India to export FTTH equipment globally, supporting the Atmanirbhar Bharat initiative. This will be their second plant, following a 2021 Haryana unit. The new facility will produce Wi-Fi routers and GPON equipment for Indian and international markets, including Europe and Africa.
With more local value additions, electronics manufacturing sector to be worth $115 bn in 2024
Year 2024 is expected to see robust growth in India's electronics manufacturing sector which is set to grow 15 per cent. According to data shared by the government, domestic electronics manufacturing increased over four-fold to Rs 8.22 lakh crore or USD 102 billion in the last 10 years from Rs 1,80,454 crore (USD 29.8 billion) in FY14.
Tata Elxsi and LTTS on the sell list, will analysts be right?
After remaining on the buy list of analysts for a long time, Tata Elxsi and LTTS, the two star performers of stock market rally which started in 2020, have come on the sell list of ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with analyst recommendation for more than 700 companies. These recommendations could be “Hold, sell, strong sell, buy and strong buy”
DoT starts doling out production-linked incentives, GX Telecom gets first cheque
“Our vision for 2023 will be to develop products that are designed in India, made in India which will create skilled job opportunities in the direction of building India as a global hub ... with the incentive received further supporting new innovation to cater international market demands with indigenous products," GX International Group CEO Paritosh Prajapati told PTI.
GX Group gets Rs 200-cr grant commitment from Netherlands-based Invest International
"With Invest International spending the second part of the investment, we will scale up and plan for design tooling of our products, establishing our patented made-in-India designs, for future innovation supporting demands for next-gen WiFi and 5G WWE in Europe and all over the globe," Swain said.
