India’s first telecom cluster near technopark

A global tender will be floated within a few weeks to find a private partner for the country’s first telecommunication equipment manufacturing cluster, the Rs. 8 billion Telecom City. The new venture will come up on a 25-acre plot near Technopark. Even though the project started in 2006, the project has now received all necessary state government clearances.

In October 2006, ITI Bangalore had inked a memorandum of understanding (MoU) with state-owned SIDCO to set up joint ventures to create a telecom equipment manufacturing cluster.After preparation of detailed project report and getting all clearances, SIDCO is now ready to float a global tender

The state government will have a 26 percent stake in the project and that would include the value of the land to be used for setting up the cluster, and ITI Bangalore will provide complete technical support. Factories will be set up on 60 percent of the land while the rest will be used for business support activities