Every time a household in India receives a fiber optic broadband internet connection, there is a high probability that the equipment routing this signal was created by GX Group. Although its equipment is used in networks belonging to Bharti Airtel, Vodafone Idea's You Broadband, and the state-owned BSNL, most Indians have never heard of this company.
The roots of GX Group lie in a history that explains its unique composition. The company was founded in 2002 under the name Genexis, a producer of European broadband access equipment. A significant milestone for its operations in India came in 2013 when it acquired the end-user equipment business from Ericsson of Sweden and began expanding across India.
In 2018, the company was renamed GX Group. Today, it is an unusual hybrid: a multinational corporation headquartered in the Netherlands, whose CEO, Paritosh Pradjapati, spent a decade transforming India from a sales market into a global design and manufacturing hub.
The product range is far from consumer-friendly: it includes Gigabit Passive Optical Network (GPON) equipment, which enables fiber optic broadband network operation, as well as Wi-Fi routers, enterprise switches, and IoT devices supplied to Asia, Europe, and Africa. Buyers acquire GPON gateways not out of brand loyalty, but because they must function reliably within the infrastructure upon which millions of people depend, remaining unnoticed.
This unassuming approach bore fruit after the launch of the Indian Production Linked Incentive (PLI) scheme for telecommunications equipment manufacturing. In February 2023, GX became the first telecommunications equipment manufacturer to meet PLI targets and receive corresponding incentives. The Department of Telecommunications confirmed that its division in India became the first organization shortlisted for payment, surpassing VVDN Technologies and Commscope India.
Financial figures demonstrate part of this story. In mid-2024, Pradjapati reported that the company demonstrated annual growth of 40% for several consecutive years. He forecasts revenue to increase from 300 crore to 500 crore by the 2026 fiscal year, and production capacity has increased almost fivefold since the establishment of the enterprise. He allocated about 100 crore for a new manufacturing facility and invested in an R&D center in Chennai, expecting a 120% growth in exports to telecom companies in Africa, Europe, and Southeast Asia by shifting from software to hardware exports.
An even more telling move was the acquisition of a European firm in March 2025, something Indian telecom equipment manufacturers rarely do. Ping Communication, a European broadband CPE manufacturer owned by Norway's Heimgard Group, brought with it a twenty-year history, revenue of about $30 million, and established relationships with suppliers from Telmex and America Movil, two of Latin America's largest operators. Pradjapati called this a milestone in the 'Make in India for the World' journey, aiming to achieve $50 million in LATAM revenue by 2026 in a region expected to reach 134 million broadband home connections by 2027. This was followed by signing distribution agreements: with Ingram Micro India in June 2025, with Calculus Networks for Latin America in December, and with Al Jassar Group from Oman for the Middle East.
The clearest sign of ambitions beyond mere assembly was the launch of GX Quantum Photonics Pvt Ltd in October 2025. The goal was to create the first center in India for the development, manufacturing, and research of photonic chips. The first phase, valued at 500 crore, is supported by Invest International from the Netherlands and a partnership with SMART Photonics BV, a Dutch leader in indium phosphide-based photonic integrated semiconductors—components that guide light through optical networks, LiDAR, and quantum devices.
The plan is very specific: headquarters in Manesar, a manufacturing plant in Bhiwadi, Rajasthan, R&D expansion in Chennai, and over 300 direct jobs in a company with about 250 employees in India. Operations are set to begin in the first quarter of the 2027 fiscal year, and locally produced chips are targeted for the market by October 2026, targeting a $50 billion market encompassing AI data centers, 5G/6G, automotive LiDAR, and quantum communication. If the schedule is met, GX will be able to produce photonic chips in India months before most leading semiconductor fabs release anything.
GX Group challenges the conventional Indian narrative of cheap labor, low margins, and assembly under foreign brands. The company started by acquiring a business that Ericsson no longer wanted, leveraged the PLI scheme better than anyone, and is now changing the typical technological flow: by acquiring European firms and bringing Indian hardware to Latin American markets through Swiss channels. Most people do not think about the origin of a GPON gateway. However, along the fiber optic connections from Bengaluru to Mexico City, it is highly likely that GX assembled the box, and by October, it may contain Indian chips.
The Deputy Minister of Agriculture for the Development of Agricultural Trade reported that following the agreement in Islamabad and the lifting of the sea blockade, the pace of importing essential goods into the country has significantly accelerated.
It was noted that by changing logistics routes from the Indian Ocean to routes through Russia and the Caspian Sea, it was possible to counter the threat of both maritime and economic blockade. Mohammad Reza Talaei commented in an interview with IRNA on the reserves of necessary goods in the country against the backdrop of recent aggression, which he called the actions of the 'American terrorist army' against the territory of the Islamic Republic of Iran, especially in the southern coastal regions.
According to Talaei, the reserves of essential goods are in a favorable state, and the supply chain is successfully managing the market and maintaining price stability. Regarding changes in the import situation through southern and northern ports, the deputy minister explained that previously the southern ports served as the main entry point for raw materials, consumer goods, and necessities. However, under current military conditions, the volume of operations in the southern ports has decreased, and they have transitioned from open trade to a defensive regime.
Currently, the northern ports have become a key element of the economy, and part of the import pressure has been redirected from the south to the north. The share of northern ports in the total import volume has increased as they actively utilize the potential of the North-South Corridor, accepting more containerized and bulk cargo. The deputy minister specified that the share of northern ports in the country's total imports exceeds 30 percent, which allowed bypassing the risk of complete economic isolation by shifting routes from the Indian Ocean to Russian routes and the Caspian Sea.
The most significant volume of imports from the northern ports concerns grain and oilseeds, as ensuring food security and production sustainability is a priority under these conditions. Among the most demanded products are barley for animal feed, corn for animal feed, and wheat, much of which comes from Eurasian countries. It was mentioned that before the war, the Imam Khomeini port was the main center for importing grain and livestock feed. Changes in corridors and routes have led to an increase in transport costs, insurance premiums, and the final cost of products.
As part of the 'storage at sea' strategy, vessels acting as strategic floating warehouses were offloaded earlier than planned due to the prevailing circumstances. Regarding attacks on Chabahar port, which handled part of the imports, Talaei emphasized that the port plays an important role not only for domestic needs but also as a major transit hub for delivering goods from India to Afghanistan and Central Asia. Most of the goods unloaded before the new attacks are stored safely in modern silos and covered warehouses. Work is currently underway to safely unload and quickly transfer these goods to other regions of the country. Vessels awaiting berthing have been directed to safe routes for emergency departure to alternative ports in coordination with Army and IRGC forces.
Regarding infrastructure damage after the recent attacks, assessments are in the final stages, after which documents will be prepared for insurance companies. The Ministry of Agriculture, fulfilling its duties, sent an official letter to competent authorities listing the proposed and implemented measures to minimize losses. The deputy minister assured that even during the previous sea blockade, there were no problems with the supply and distribution of essential goods. He stressed that thanks to the determination of all interested parties, the new sea blockade will not disrupt supplies. Approximately 25 million tons of agricultural products are imported into the country annually via sea, rail, and road. Since Iran borders 15 countries by land and water, this has contributed to the diversification of supply sources. Talaei added that in addition to diversifying sources, entry points are expanding, and the development of railway transport will significantly help in importing necessary goods.
TikTok will return to the focus of political debate in the United States. On September 15, the director of security for the platform's American operation is scheduled to testify before Congress.
Will Farrell, who holds the position of Director of Security for TikTok in the United States, has been called to appear before the House of Representatives Special Committee focused on China. He will answer questions related to cybersecurity and data privacy, addressing the company's new organization and its mode of operation in the country.
This hearing marks the first time a TikTok executive has publicly appeared before the House since the Chinese parent company, ByteDance, finalized the separation of the American operation from its other global businesses in January.
This restructuring was a response to legislation passed in 2024, which required ByteDance to either sell the application or risk its ban in the United States. Lawmakers argued that the company could be vulnerable to influence from the Chinese government, which would constitute a national security risk.
Even after the agreement was reached, ByteDance maintained a 19.9% stake in the American operation and provided little detailed information about the new setup. The central topics planned for the session include: user data protection and privacy; the cybersecurity measures implemented by TikTok; ByteDance's participation in the American operation; and the structure of the new entity responsible for the app in the US.
Members of parliament will also investigate the role played by President Donald Trump in the negotiations that led to the company's division. Since the agreement was concluded, ByteDance has disclosed scarce information about how the American operation was structured. Currently, TikTok in the United States belongs to TikTok USDS Joint Venture LLC, a company formed by Oracle, Silver Lake, and the investment manager MGX, based in Abu Dhabi.
Adam Presser, who is the CEO of TikTok in the United States, will not participate in the session scheduled for September. On the other hand, Shou Zi Chew, the platform's global CEO, received an invitation from the Senate to testify on child online safety, although the committee has not yet set a date for this.
With the September hearing, Congress will have the inaugural opportunity to publicly question a TikTok representative since the finalization of the American operation's restructuring.
Eternal, a company based in Gurugram and operating the food delivery platform Zomato, announced consolidated net profit of 92 crore rupees ($9.53 million) for the quarter ending June 30.
The Indian online delivery firm Eternal demonstrated first-quarter profits that were lower than expected. This was attributed to increased competition and ongoing investments in the quick commerce business Blinkit, which negatively impacted the company's profitability.
According to LSEG data, the consolidated net profit was 92 crore rupees, significantly less than the 258 crore rupees forecasted by analysts.
