GX Group, a telecom equipment manufacturer based in the Netherlands, has unveiled plans to invest ₹500 crore in India for the establishment of GX Quantum Photonics Private Limited. This initiative, announced on October 24, aims to produce advanced photonics modules and chip systems locally.
The photonics modules and chips will support cutting-edge technologies for next-generation broadband, as well as 5G and 6G communications, according to the company”s statement. The investment will create India”s first dedicated hub for the development and manufacturing of photonics chips and research and development (R&D) activities.
This significant investment is backed by Invest International of the Netherlands, which has partnered with SMART Photonics BV, a leader in indium phosphide-based photonic integrated circuits. The initiative seeks to bolster India”s self-reliance in technology and reduce reliance on imports by producing secure, export-ready optical components. This move is part of a broader strategy to strengthen India”s position in the global photonics module market, projected to be worth $50 billion.
According to GX Group, the project is expected to generate over 300 skilled manufacturing jobs and will play a crucial role in supporting AI data centers, electric vehicle LiDAR, and quantum communication technologies. “India”s growth story is incomplete without technological independence,” stated Paritosh Prajapati, CEO of GX Group. “Through GX Quantum Photonics, we are establishing the nation”s first photonics modules and chipsets that are designed, developed, and manufactured in India,” he added.
The global photonics industry, valued at $920 billion in 2023, is anticipated to reach $1.64 trillion by 2032. The segment for photonics modules and optical transceivers is expected to grow significantly, from $20 billion to $50 billion by 2030, driven by the rollout of 5G and 6G technologies, the expansion of hyper-scale data centers, and advancements in AI infrastructure.
Furthermore, GX Quantum Photonics is applying for the Production Linked Incentive (PLI) Scheme for Large Scale Electronics Manufacturing (ECMS), aligning with the Government of India”s vision of “Atmanirbhar Bharat” and supporting initiatives like Semicon India and the Quantum Mission, which aim to position India as a global hub for Electronics System Design and Manufacturing (ESDM).
