24 companies propose Rs 5,500 crore investment for Asia

Union Communications Minister Jyotiraditya Scindia on Sunday inspected the site identified for the proposed TMZ at Shrimant Madhavrao Scindia Counter Magnet City (SADA, Gwalior), along with the Secretary, Department of Telecommunications, Government of India, and senior officials. As per the Ministry of Communications, "The proposed TMZ will be established with an investment of approximately 5,500 crore and is expected to create over 18,000 direct employment opportunities. Scindia said, "project is not about setting up a single industrial unit, but about creating a complete industrial ecosystem comprising 24-25 telecom manufacturing units in…