GX Group to invest `500 cr to set up photonics modules, chip arm
image for illustrative purpose
New Delhi: 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 Rs500 crore. The subsidiary, GX Quantum Photonics Pvt Ltd, will be headquartered in Manesar, Gurgaon, and 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 Rs500 crore will be deployed towards establishing a manufacturing facility in Bhiwadi, Rajasthan, and expansion of its existing R&D centre in Chennai, Prajapati told media.
The firm is also evaluating the potential to set up facilities in Rajasthan, Andhra Pradesh, and Uttar Pradesh. "We will start operating the facility and the R&D centre by Q1 FY27. And we will start rolling out chips immediately after. The local market will get the chips by October 2026," he said, adding that while priority will be to serve the domestic market, the firm will also consider an international foray starting with the US, China, and Europe.
The new venture will be focused on developing advanced Photonics modules and chip systems for next-generation broadband, 5G/6G, and quantum communication technologies. GX Quantum Photonics intends to produce 3 million chips annually.
