Home / Business and Economy / GX Group Invests $70M to Establish Photonics Arm in India
GX Group Invests $70M to Establish Photonics Arm in India
11 Nov
Summary
- GX Group to set up $70M photonics module and chip facility in India
- New subsidiary GX Quantum Photonics to create over 300 direct jobs
- Facility to start operations and R&D by Q1 2027, rolling out chips by Oct 2026
In a significant move, broadband equipment manufacturer GX Group announced on Friday that it will be setting up a new photonics module and chip subsidiary in India. The new venture, called GX Quantum Photonics Pvt Ltd, will be headquartered in Manesar, Gurgaon and will see an initial investment of $70 million (Rs 500 crore).
The first phase of this investment will go towards establishing a manufacturing facility in Bhiwadi, Rajasthan, as well as expanding the company's existing R&D center in Chennai. GX Group CEO Paritosh Prajapati stated that the new facility is expected to create over 300 direct jobs, in addition to the 250 employees the group currently has in India.
The company plans to start operating the new facility and R&D center by the first quarter of fiscal year 2027. They will immediately begin rolling out advanced photonics chips, with the local market set to receive these products by October 2026. While the primary focus will be on serving the domestic market, GX Quantum Photonics also intends to explore international expansion, starting with the US, China, and Europe.
The new venture will specialize in developing cutting-edge photonics modules and chip systems for next-generation broadband, 5G/6G, and quantum communication technologies. GX Quantum Photonics aims to produce 3 million chips annually, tapping into an estimated $50 billion addressable market in India.
