Vodafone to invest Rs 3,000 cr in Bengal over 3 years
The country's second largest mobile operator Vodafone plans to invest Rs 3,000 crore over the next three years in capacity augmentation and new business initiatives in Bengal. The Memorandum of Understanding to this effect was signed on the sidelines of Bengal Global Business Summit 2017, a Vodafone statement said. The investment is aimed at strengthening Vodafone's position in the state by offering customers a 'SuperNet experience' through enhanced network capacity and creating more employment opportunities. Vodafone is already one of the largest MNC investors in the state and has invested over Rs 8,400 crore, including Rs 200 crore in first half of FY17 towards upgrading its network. Vodafone provides direct and indirect employment to over 1,500 people in the state. Vodafone India has over 2 crore customers in Kolkata and Bengal circles. "At Vodafone, we are enthused with government's vision of creating Bengal a business hub. We are pleased to announce our investment plans in the state," Arvinder Singh Sachdev, Business Head - Kolkata and Bengal Circle, Vodafone said.