Vodafone India signs MoU with Mamta Banerjee, to invest Rs 3,000 crore in West Bengal

NEW DELHI: UK-headquartered Vodafone India Monday signed an MoU ( memorandum of understanding) with the Mamta Banerjee-led West Bengal government to invest Rs 3,000 crore for capacity augmentation and new business initiatives over next three years.

The MoU signed on the sidelines of Bengal Global Business Summit 2017, also aims at strengthening Vodafone's leadership position in the state by offering customers a SuperNet experience through enhanced network, Vodafone in a statement said.

India’s second-largest telco also aims to create more employment opportunities.

“We are enthused with the government's vision of creating Bengal a business hub and keen to be a partner in its delivery.,” Arvinder Singh Sachdev, Business Head - Kolkata and West Bengal Circle at Vodafone India said.

Vodafone serves more than 2 crore customers in Kolkata & West Bengal circles.

“We remain deeply invested in and committed to West Bengal and are pleased to announce our investment plans in the state,” Sachdev added.

The telco has invested more than Rs 8,400 crore in the state including Rs 200 crore in the first-half of 2017 towards upgrading the network.