- Vedanta company Sterlite Technologies Ltd, is into development and delivery of products, solutions and infrastructure for telecom & power transmission networks globally and has recently signed an agreement with Ericsson to work together in driving Smart Sustainable City initiatives in India.
- Vedanta Group Chairman Anil Agarwal said “PM’s Digital India initiative would prove to be a significant step towards ‘One Connected India’ and generate employment, investments, FDIs,”.
- STL is undertaking Fiber to the Home (FTTH) deployment in India to enable high speed broadband connectivity, plans to invest Rs 300-400 crore on expanding its fibre and cable manufacturing capacities and it supplies cable for the National Optic Fibre Network rollout across 50,000 panchayats.
- STL makes power transmission and optic-fibre products and has 11 manufacturing plants, out of which 9 are in India and one each in China and Brazil. It has two plants in India that produce 20 million kilometres of fibre which will be expanded to 30 million by 2017.