GTSL, which has got the existing telecom cable business after hiving off Goldstone Technologies, will set up a plant in Goa with an investment of Rs 50 crore to manufacture both optic fibre and PIJF cables, K Vasudeva Rao, director, GTSL, told The Financial Express. The company also has plans to invest in the backward integration project to manufacture granules in India, hitherto being imported from Japan to substantially increase the profitability. Discussions are on with foreign majors for possible collaboration for both segments, Rao said.

Goldstone Teleservices Limited (GTSL), a new company floated after hiving off of telecom division of Goldstone Technologies Limited, has set a target on three core areas - manufacturing, value-added services and technology solutions, Rao said.

On the value-added services front, the company's focus will be on IT-enabled and mobile-based services involving two-way paging, call centre services, data centres, image processing, medical transcription, the mobile-based services include content provision, SMS, gateway, e-mail, WSP, accounting, wireless Internet services, etc, he explained.

The company will invest Rs 25 crore in the IT-enabled services, Vasudeva Rao said adding that GTSL is already in discussions with three US-based corporations including COMDIAL and Blackberry for long-term association and outsourcing agreement.