Latest news with #GXGroup
Time of India
28-06-2025
- Business
- Time of India
GX Group signs broadband gear distribution pact with Ingram Micro India for Southeast Asia
NEW DELHI: Dutch fiber-to-the-home (FTTH) gear maker GX Group on Saturday said it has signed a strategic distribution agreement with Ingram Micro India to sell its broadband equipment in Southeast Asian markets. The gearmaker said its products are well-positioned to bridge the digital divide, particularly as India and Southeast Asian countries continue their rapid digital transformation. 'This collaboration marks a significant milestone in GX Group's mission to transform digital connectivity across high-growth and emerging markets,' GX Group said in a joint statement. GX Group's equipment will be distributed through Ingram Micro's strong channel partner ecosystem. GX Group's made-in-India broadband solutions include XGSPON/GPON OLTs, ONTs, switches, and access points (APs) along with a complete network management system for AI-based network management. These products are designed at the company's innovation hubs in India, in collaboration with global chipset vendors. 'We are incredibly enthusiastic about the immense opportunities this collaboration with Ingram Micro will unlock for our partners and customers across Southeast Asia,' said Sambit Swain, director (global sales), GX Group. 'This partnership is not just about market expansion—it's about driving the next wave of digital infrastructure and ensuring that millions more can benefit from the transformative power of fiber optic broadband ,' Swain added. 'Our partnership with GX Group aligns perfectly with our aspiration to deliver best-in-class broadband technology solutions that accelerate digital transformation across the region. Together, we aim to fast-track fiber broadband adoption and empower underserved and high-growth regions with world-class internet connectivity,' said Navneet Singh Bindra, SVP & chief country executive, Ingram Micro India.
Time of India
15-06-2025
- Business
- Time of India
As Centre mulls easing norms for local telecom gear makers, GX Group flags import surge risk
New Delhi: Relaxation in value-addition norms for domestically-manufactured telecom equipment without proper guardrails may enhance risk of imports from non-trusted sources, a top official of GX Group has said. The Department of Telecom (DoT) has started a review of local value-addition norms in telecom equipment following reports that manufacturers are facing a challenge in achieving 50-60% local content in electronic and telecom products due to limited component ecosystem in the country. The move comes at a time when the government has rolled out a Rs 23,000-crore electronics component manufacturing scheme to enhance local value addition in domestically manufactured electronic products. "The consideration of a review to local content norms is a welcome move, however, relaxations need to come with caution on specific components. "Reducing value addition without utmost caution can enhance risk of increase in imports from non-trusted nations," GX Group CEO Paritosh Prajapati told PTI. GX Group is a beneficiary under the telecom sector's production linked incentive (PLI) scheme. The company has its manufacturing facility in Manesar and a research and development centre in Chennai. "The security-sensitive telecom equipment segment is already being infested from imported products, which is mitigating growth of indigenous production under telecom PLI scheme ," Prajapati said. The DoT on June 3 invited comments on the review of the Public Procurement (Preference to Make in India ) from industry bodies -VoICE, TEMA, ICEA, COAI and MAIT, original equipment makers --Tejas, VVDN, HFCL, Nokia, Ericsson and CISCO. It has also invited comments from electronics manufacturing services companies Dixon, Syrma, Neolync and Jabil as well as public sector firms like BSNL and TCIL. The DoT has given 30 days for stakeholders to submit their comments. Prajapati said that GX Group and other industry stakeholders have been completely focused on indigenisation mandates and have built a robust local manufacturing ecosystem along with local R&D and IP rights in the past few years. He said that given the Indian component space is still growing somewhat, relaxations of the norms may bring in some relief to the industry for specific components only to ensure that Indian players become more competitive. "Foreign companies coming in to cater to the diverse Indian market should also invest in R&D within the country and make efforts to maximise local production of required components and sub-components," Prajapati said. He said that there are instances wherein global players expand into the market but rely on assembling of products rather than creating products and adding value, in a way not investing in the local economy but only ready to cater to the market demand and enhance revenues. "Relaxation in value addition norms should be accompanied with conditions like technology transfer, timeline for capacity development in India, phase-wise manufacturing programme, etc," Prajapati said.
Mint
15-06-2025
- Business
- Mint
As govt mulls easing norms for local telecom gear makers, GX Group flags import surge risk
New Delhi, Relaxation in value-addition norms for domestically-manufactured telecom equipment without proper guardrails may enhance risk of imports from non-trusted sources, a top official of GX Group has said. The Department of Telecom has started a review of local value-addition norms in telecom equipment following reports that manufacturers are facing a challenge in achieving 50-60 per cent local content in electronic and telecom products due to limited component ecosystem in the country. The move comes at a time when the government has rolled out a ₹ 23,000-crore electronics component manufacturing scheme to enhance local value addition in domestically manufactured electronic products. "The consideration of a review to local content norms is a welcome move, however, relaxations need to come with caution on specific components. "Reducing value addition without utmost caution can enhance risk of increase in imports from non-trusted nations," GX Group CEO Paritosh Prajapati told PTI. GX Group is a beneficiary under the telecom sector's production linked incentive scheme. The company has its manufacturing facility in Manesar and a research and development centre in Chennai. "The security-sensitive telecom equipment segment is already being infested from imported products, which is mitigating growth of indigenous production under telecom PLI scheme," Prajapati said. The DoT on June 3 invited comments on the review of the Public Procurement from industry bodies -VoICE, TEMA, ICEA, COAI and MAIT, original equipment makers Tejas, VVDN, HFCL, Nokia, Ericsson and CISCO. It has also invited comments from electronics manufacturing services companies Dixon, Syrma, Neolync and Jabil as well as public sector firms like BSNL and TCIL. The DoT has given 30 days for stakeholders to submit their comments. Prajapati said that GX Group and other industry stakeholders have been completely focused on indigenisation mandates and have built a robust local manufacturing ecosystem along with local R&D and IP rights in the past few years. He said that given the Indian component space is still growing somewhat, relaxations of the norms may bring in some relief to the industry for specific components only to ensure that Indian players become more competitive. "Foreign companies coming in to cater to the diverse Indian market should also invest in R&D within the country and make efforts to maximise local production of required components and sub-components," Prajapati said. He said that there are instances wherein global players expand into the market but rely on assembling of products rather than creating products and adding value, in a way not investing in the local economy but only ready to cater to the market demand and enhance revenues. "Relaxation in value addition norms should be accompanied with conditions like technology transfer, timeline for capacity development in India, phase-wise manufacturing programme, etc," Prajapati said. This article was generated from an automated news agency feed without modifications to text.
