24 companies have initiated Application Process to invest in Gwalior
Gwalior is set to emerge as a major hub for India’s telecom manufacturing sector with the establishment of Asia’s first Telecom Manufacturing Zone (TMZ) to be established with an investment of approximately Rs.5,500 crore.
This assessment was given on 20 Sept after Minister of Communications and Development of North Eastern Region, Jyotiraditya Scindia, inspected the site identified for the proposed TMZ at Shrimant Madhavrao Scindia Counter Magnet City (SADA, Gwalior).
The project is not about setting up a single industrial unit, but about creating a complete industrial ecosystem comprising 24-25 telecom manufacturing units in Gwalior to manufacture telecom equipment and a range of components, strengthening the city’s position as an emerging telecom manufacturing hub, said the Minister, adding that over 18,000 jobs will be created in the zone.
Approximately 170 acres of land for first phase have been identified for the proposed TMZ.
Scindia said the interest from investors has been significant, with applications currently exceeding the land available. Accordingly, additional land will be identified for expansion of the first phase of the TMZ, with land allocation to be increased as required.
SADA was originally established as a Counter Magnet City with the vision of developing Gwalior as a new industrial centre and a counter-magnet to Delhi. The proposed TMZ takes this industrial vision forward by creating Asia’s first dedicated Telecom Manufacturing Zone in Gwalior.
He said 24 companies have initiate Application Process for Rs.5,500 crore investment.
In July 2026, the Department of Telecommunications and the Government of Madhya Pradesh had signed an MoU for establishing the TMZ. This was followed by investor roadshows in Delhi and Mumbai in August, led by Scindia and Chief Minister Dr Mohan Yadav. The Delhi roadshow witnessed investment commitments of approximately Rs.3,500 crore, with the potential to generate around 14,000 employment opportunities. The Mumbai roadshow, held in August, saw commitments of approximately Rs.2,000 crore, with around 4,000 employment opportunities.
Scindia clarified that these investments are not merely verbal commitments. Companies that expressed interest were asked to participate in the application process at the time of land allocation. As a result, 24 companies have now initiated the application process for setting up units in the TMZ.
Scindia thanked Dr Mohan Yadav and the Madhya Pradesh Government for developing an attractive incentive package for the telecom manufacturing industry. The package includes incentives linked to land lease, power, employment and production, as well as incentives focused on environmental sustainability and green development. In addition, the Department of Telecommunications has proposed a Common Testing Lab package of approximately Rs.500 crore.
Scindia highlighted Gwalior’s connectivity, infrastructure and skilled human resources as key strengths for the development of the TMZ. The approximately 120-km Agra-Gwalior High-Speed Corridor is being developed to strengthen Gwalior’s connectivity with Delhi and major markets across North India, bringing the city closer to key industrial and commercial centres.
Gwalior is also located on major railway routes, facilitating the movement of goods and human resources to different parts of the country. The city’s airport has been developed at a cost of approximately Rs.650 crore in a record 16 months, further strengthening air connectivity with major cities including Delhi, Mumbai and Bengaluru.
Gwalior also has a strong base of engineering institutions, with approximately 25,000 engineering students graduating every year. This will help ensure the availability of the technical and skilled workforce required by the telecom manufacturing sector, the Minister noted.
The TMZ is being planned as a complete ecosystem covering six key verticals of telecom manufacturing. Scindia said that the Indian Government, Madhya Pradesh state Government and all concerned departments are fully prepared to provide investors with the necessary support to establish their manufacturing units in Gwalior.
The establishment of Asia’s first Telecom Manufacturing Zone (TMZ) in Gwalior marks a new chapter in the city’s industrial development and carries forward the industrial vision and legacy of Shrimant Madhavrao Scindia Counter Magnet City, the Ministry of Communications said. Fiinews.com
