New Delhi, Oct. 25 -- Dutch conglomerate GX Group has announced a Rs 500 crore investment in India's emerging photonics industry.

The move aims to strengthen the country's capabilities in manufacturing and research of photonic components - technologies crucial for telecommunications, sensors, and optical networks.

The company plans to set up a wholly owned subsidiary in India, expanding its existing operations in Chennai and building a new facility in Bhiwadi, Rajasthan.

This investment will help develop a full value chain for photonics in India, from design and assembly to testing and exports.

Photonics, which involves the generation, control, and detection of light, is becoming vital in modern communication systems, medical devices,...