GX Group to Launch Photonic Module & Chip Arm in India with Rs 500 Crore Investment
The GX Group has announced a major investment in India to establish a photonic module and chip subsidiary. The new venture will create over 300 direct jobs and focus on manufacturing and R&D. The facility will begin operations by Q1 FY27, with local chip rollouts slated for October 2026.
- Country:
- India
In a significant move, the GX Group has unveiled plans to invest Rs 500 crore in setting up a photonic module and chip subsidiary in India, aiming to strengthen its footprint in the burgeoning market.
Headquartered in Manesar, Gurgaon, this new venture is anticipated to generate more than 300 direct job opportunities. Speaking to PTI, GX Group CEO Paritosh Prajapati shared that the Phase 1 investment will be geared towards building a manufacturing facility in Bhiwadi, Rajasthan, and further expanding the company's R&D center in Chennai.
The company plans to have the facility operational and the R&D center ready by the first quarter of FY27, with chip rollouts expected by October 2026. The initiative targets a USD 50 billion market in India, leveraging interest from existing tier I telecom operators and data center clients like Airtel, ACT, and Tata Play.
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