"Today state owned telecom giant Bharat Sanchar Nigam Limited (BSNL) has signed a memorandum of understanding with Fibre Home Pvt Ltd to jointly start manufacturing telecom equipment and optical fibre cable in BSNL factories," the public sector telecom company said in a statement.
BSNL has seven telecom factories with a workforce of around 1,600. At present these factories are manufacturing several customer-end equipment and testing tools for internal consumption of BSNL.
"Fibre Home is one of the top leaders in telecom manufacturing in the world. Fibre Home India Pvt Limited has decided to heavily invest in India with BSNL," the statement said.
"This agreement will help India to get high quality telecom equipment at reasonable cost and will also reduce deployment time.
"BSNL always strides hard to fulfil government dreams by adopting workable and practical program like this," BSNL Chairman and Managing Director Anupam Shrivastava said.
As per the Directorate General of Commercial Intelligence and Statistics (DGCI&S), import of telecom equipment during 2013-14 stood at Rs 67,844 crore and Rs 89,929 crore in 2014- 15.
Fibre Home President Lee, who signed the agreement, said the joint manufacturing is coming at an apt time when demand for telecom equipment is increasing world over and felt that BSNL-Fibre Home may export telecom equipment to Asia Pacific region shortly.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
