As part of the JV, Eyecom will transfer the technical know-how for manufacturing and carry out R&D for the future technologies relevant for the Indian market, which is currently estimated at approximately Rs 1,500 crore.

Commenting on this development, Manish Goel - Managing Director, Shilpi Cable Technologies Limited, "With the increase in data demand and government's push on Digital India there is an emerging need to provide improved technology solutions in the telecom space. Our JV with Eyecom will address this demand and aim at capturing at least 30 per cent market share in the RF path solution market over the next three years."

Guan QI General Manager, Eyecom Telecommunications Equipments Ltd said, "We are pleased to join hands with one of India's leading telecom solution providers, which also marks the entry of Eyecom in one of the fastest growing telecom markets in the world."
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