State-owned telecom major Bharat Sanchar Nigam Ltd (BSNL) has joined hands with Fibre Home to jointly manufacture telecom equipment and optical fibre cable at the former's factories.
Fibre Home, which has a telecom manufacturing base in China, has decided to invest heavily in India jointly with BSNL.
''This agreement will help India to get high quality telecom equipment at reasonable cost and will also reduce deployment time. BSNL always stride hard to fulfill government dreams by adopting workable and practical program like this,'' BSNL Chairman and Managing Director Anupam Shrivastava said.
BSNL has seven telecom factories with requisite infrastructure and manpower of about 1,600 personnel. The company manufactures several customer-end equipment and testing tools for own use at these factories.
The two companies are expected to bring telecom manufacturing technology and expertise to India. This will help India set up manufacturing base India under the 'Make in India' initiative.