Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has signed a Memorandum of Understanding with Government of Kerala as its first telecom knowledge partner and is establishing a Center of Excellence (CoE) for next-generation telecom technologies in the state. The CoE, which is being set up in the new Integrated Startup Complex in Kochi, was inaugurated in the presence of Honorable Chief Minister of Kerala, Shri Pinarayi Vijayan, Smt. K.K. Shylaja Teacher, Hon. Minister for Social Justice and Health, Government of Kerala, Shri. M. Sivasankar IAS, IT Secretary, Government of Kerala by Shri Madhavan Nambiar IAS (Retd.), Chairman IIITM-K. Several senior dignitaries of Government of Kerala also graced the occasion.
Tejas CoE will focus on training, skills development and mentoring of college students, young entrepreneurs and high-potential electronics startups in the state. Senior technologists from Tejas will work closely with the faculty of leading engineering institutions in the state to develop a futuristic, industry-oriented telecommunication training and certification program. As part of the partnership, Tejas Networks also proposes to set up an advanced networking testbed for cutting-edge technologies such as terabit-scale optical communications, gigabit-scale broadband access, 5G and software-defined networking.
Speaking on the occasion, Shri M. Sivasankar, Secretary IT, Government of Kerala said, "We welcome Tejas Networks to Kerala, India's first digital state with the highest e-literacy rate in the country. As India's most successful deep technology product startup, Tejas is uniquely qualified to mentor high-technology entrepreneurs and startups in Kerala and help jumpstart the electronics industry in the state. Tejas Networks is a great example of the fact that it is indeed possible to design and manufacture innovative, high-quality world-class products from India and I was truly impressed to see the wide range of complex electronics products that the company has developed and displayed at the CoE today."
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, "We are honoured to be associated as a telecom knowledge partner for Kerala, which has gained its well-deserved reputation as a leader in the ICT sector through its forward looking policies and digital initiatives. As a home-grown high-technology company, over the last two decades, we have been investing significant resources in indigenous R&D and have generated valuable IPR within the country. Kerala has emerged as a thriving ecosystem of talented entrepreneurs, startups and academic institutions and we are happy to share our first-hand experience, capabilities and expertise in the telecom arena to help nurture the local ICT industry in Kerala."
Shares of Tejas Networks Ltd was last trading in BSE at Rs.219.35 as compared to the previous close of Rs. 220.5. The total number of shares traded during the day was 7690 in over 511 trades.
The stock hit an intraday high of Rs. 223.95 and intraday low of 215. The net turnover during the day was Rs. 1683014.