Vodafone commits to invest INR 13,000 crores in India

This investment was committed to by Vittorio Colao, Vodafone Group Plc‘s CEO, in his meeting with Prime Minister Narendra Modi in London on Friday.

 

Since starting operations in India in 2007, Vodafone has already invested over INR 111,000 crores and contributed over INR 100,000 crores to the exchequer and is today the largest FDI investor in the country.

 

Colao, said, “At Vodafone, we are enthused with the PM’s vision for ‘Digital India’ and ‘Make in India’. Vodafone India serves over 188 million citizens, of which almost 100 million are from rural areas. As the co-creator of the telecom ecosystem, a catalyst of the telecom revolution in India and being committed for the long term, we are ideally poised to partner the Government of India in fulfilling these important initiatives. We are pleased to announce our enhanced commitment to India through this series of significant further investments.”

 

The planned capacity expansions and investments in the high-end technology centre and the customer service centres will create opportunities for employment and for skilling and training India’s rich talent pool. Vodafone will accordingly increase its staffing levels to 15,000 employees over the next two years.