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Vodafone will also invest in setting-up a payment bank that will help accelerate India’s journey into a cashless economy. This payment bank will be headquartered in Mumbai.
Vodafone said that it will investments totalling INR 6,000 crore for capacity augmentation and new business initiatives in the state of Maharashtra. The investment was committed by Sunil Sood, Vodafone India’s Managing Director & CEO to the Chief Minister of Maharashtra, Devendra Fadnavis, at the recently held Make in India Summit.
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The committed investment of Rs 6,000 crore will be used by Vodafone for the following:
“Make in India for the World” – Vodafone’s technology centre in Pune is being further upgraded and its capacity increased to develop products in both engineering and IT for Vodafone companies globally, exemplifying the ‘Make in India’ opportunity.
Expand and modernise network across the state, enhance voice and data capabilities, introduce new technologies; State-of-the-art Tier-4 data centre in Airoli, near Mumbai ; Vodafone will invest in setting-up a payment bank that will help accelerate India’s journey into a cashless economy. This payment bank will be headquartered in Mumbai.
To cater to the above initiatives, Vodafone will increase its staffing levels to around 15,000 employees over the next few years.Since starting operations in India in 2007, Vodafone has already invested over Rs 113,000 crore in and over Rs 111,000 crore contributed to the excheque.
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