As a part of the Digital India programme, Vedanta Group’s Sterlite Technologies Limited is planning to invest in projects worth around $3 billion to $3.9 billion a year.
The firm is also eyeing further partnerships, parallel to one with Swedish multinational Ericsson, to plug into the smart cities projects. It had recently signed an agreement with Ericsson to drive the Smart Sustainable City initiative in India in line with the government’s broad vision of Digital India.
Anil Agarwal, founder and chairman of Vedanta Resources Plc, said: “Optic fibre is the most important ingredient for Digital India. The government is ensuring a transparent process, putting everything together and allowing large companies to participate on turnkey basis, I believe, to create this network.”
The company makes these fibres at a facility in Aurangabad and another facility in China. From China, it supplies to India and global markets, while Aurangabad supplies for Indian consumption.Tagged: Digital India