The investment will go into research and development (R&D), which will build the technology for the future
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BlackJack3D
GX Group, the maker of broadband and connectivity gear, said on Friday it will invest around ₹1,500 crore over the next four years on its new venture — GX Quantum Photonics — to develop advanced photonics modules and chip systems for next-generation broadband, 5G/6G and quantum communication technologies.
Initially, the company will invest ₹500 crore in Phase-I, supported by Invest International (Netherlands), and a strategic collaboration with Smart Photonics BV, a Netherlands-based company, in Indium Phosphide-based photonics integrated circuits (PICs), said a top official at GX Group.
“We will start everything from scratch in India because it’s a new technology. We were building it together and getting the right knowledge at the right time. So, we will do everything in India for scale. Initially we’ll get the chips from the Netherlands, and then we will transfer in phase two investment in India. We are targeting around ₹1,000 crore for Phase-II investment. This is over and above this ₹500 crore. So, ₹1,500 crore in total, in the next four years,” Paritosh Prajapati, Chief Executive Officer, GX Group, told businessline.
He said the company is targeting a revenue of around ₹1,000 crore over the next two years, from around ₹500 crore right now.
“We want to build that technology knowledge transfer to India, and scale up for manufacturing in India. Our target is data centres, telecom operators who are building the data data communication networks and quantum computing,” said Prajapati.
IP rights
The investment will go into research and development (R&D), which will build the technology for the future, and GX Group will also do all the IP rights and design rights in India itself, he said.
The company is evaluating the potential to set up facilities in Rajasthan, Andhra Pradesh and Uttar Pradesh. “We will start operating the facility and the R&D centre by Q1 FY27, and we will start rolling out chips immediately after. The local market will get the chips by October 2026,” said Prajapati, adding that while priority will be to serve the domestic market, the firm will also consider an international foray starting with the US, China, Europe, Latin America and emerging markets.
“Right now, we have 20 per cent of the total production going to the export markets, which we want to scale up to 50 per cent (and 50 per cent for domestic) in the next few years,” he said.
The company will also hire around 300 engineers over the next two years from 250 engineers right now, he added.
Published on October 24, 2025