New Delhi, July 30 -- Electronics and telecom gear makers such as HFCL Ltd, Dixon Technologies (India) Ltd, VVDN Technologies, among over 14 companies have committed a total investment of Rs.3,500 crore for India's first telecom manufacturing zone in Gwalior in Madhya Pradesh, the Centre said on Thursday.

The manufacturing zone, which is being set up as a joint venture between the Centre and the Madhya Pradesh government, is being positioned as a centralized hub to design, manufacture, and test telecommunications equipment locally. A special purpose vehicle with a 51% stake of state government and 49% equity of the Centre will be formed soon.

The Centre has committed an investment of Rs.493 crore to set up the infrastructure with more t...