Vodafone to invest Rs 6,000 crore in Maharashtra

Vodafone to invest Rs 6,000 crore in Maharashtra
Highlights

Vodafone India, the country\'s second biggest telecom company, on February 18 said it will invest Rs 6,000 crore in Maharashtra for capacity augmentation and new business initiatives. The investments will help increase the number of people employed by the company in Maharashtra to 15,000 over the next few years, the company said in a statement, without spelling out a timeframe for the investments.

Vodafone India, the country's second biggest telecom company, on February 18 said it will invest Rs 6,000 crore in Maharashtra for capacity augmentation and new business initiatives. The investments will help increase the number of people employed by the company in Maharashtra to 15,000 over the next few years, the company said in a statement, without spelling out a timeframe for the investments.

It will create a 'tier-4' data centre at Airoli in satellite city of Navi Mumbai to serve the communication needs of enterprises, it said, claiming it to be a first in the Indian telecom sector. There will be investments in capacity augmentation at a technology centre in Pune, which develops engineering and information technology products for Vodafone companies globally, it added.

Apart from it, expansion and modernisation of network will also see investments, the statement said. Additionally, the Payments Bank being set up by the company will also be headquartered in the financial capital of the country, the company said. Vodafone signed an MoU with the Maharashtra Government regarding the investments on the sidelines of the Make in India Week which concluded on February 18.

Sunil Sood, the managing director and chief executive for Vodafone India, said it is deeply invested and committed in Maharashtra. It has invested Rs 1.13 trillion and contributed Rs 1.11 trillion to the national exchequer since starting operations in the country in 2007, the statement added.

Show Full Article
More On
Download The Hans India Android App or iOS App for the Latest update on your phone.
More Stories


Top