New Delhi, July 31 -- India's first Telecom Manufacturing Zone (TMZ) will be set up in Gwalior, the government announced on Thursday, with the Department of Telecommunications (DoT) signing a memorandum of understanding (MoU) with the Madhya Pradesh government to create a dedicated manufacturing ecosystem for the telecom sector. Spread over 350 acres, the plug-and-play zone will house telecom equipment manufacturing, data infrastructure, production, research, design, testing, and next-generation 5G and 6G technologies within a single campus. The Centre has approved Rs.500 crore as 100% financial assistance for developing core infrastructure in the first phase. Announcing the project, Union communications minister Jyotiraditya Scindia said the initiative would help transform India . The MoU was signed in the presence of Scindia, Madhya Pradesh chief minister Mohan Yadav, minister of state for communications Chandra Sekhar Pemmasani and DoT secretary Amit Agrawal....