A Memorandum of Tri-Party Understanding was signed between DASAN Network Solutions, Inc. South Korea and Celkon Impex Pvt Ltd, Hyderabad and Government of Telangana on 18th May 2018.

In the meeting, the three parties have agreed on the importance of infrastructure and industries and welcomed mutual cooperation for facilitating investments in Telangana. The partnering is expected to generate more than 2000 new employment opportunities in Telangana.

Celkon with its direct investment in Telangana will create and develop GPON Manufacturing technology in Fab city with the complete support of DASAN in terms of technology involving an investment.

All the three parties have recognized the need to promote mutual cooperation to expand bilateral collaborative relationship in industrial development in Telangana.

Y Guru Swamy Naidu, CMD, Celkon Impex Pvt Ltd, Yung Kim, Global CEO, DASAN Network Solutions and Jayesh Ranjan, Principal Secretary, Industries Department, Government of Telangana signed the MoU in the presence of IT and Industries Minister KT Rama Rao.