EXHIBIT 99.2

                             [FIBERCORE, INC. LOGO]

                                                                    NEWS RELEASE

FOR IMMEDIATE RELEASE

            FIBERCORE REQUESTS HEARING TO CONTEST NASDAQ DELISTING


CHARLTON, MASS - APRIL 24, 2003 -- FiberCore, Inc. (Nasdaq: FBCE), a leading
manufacturer and global supplier of optical fiber and preform for the
telecommunication and data communications markets, today announced that on April
17, 2003 it had received a notification of delisting from Nasdaq. Yesterday the
Company issued a press release stating that it would not contest this
determination. Today the Company has revised its decision and has filed for a
hearing to contest this determination.

The Company has not yet filed its annual report on Form 10-K with the SEC due to
delays in finalizing the results from its foreign subsidiaries. The Company had
previously filed for an extension on Form 12b-25, which expired on April 15,
2003. The Company currently anticipates filing its Form 10-K within the next 15
days.

As a result of not timely filing its 10-K, the Company received a Nasdaq staff
determination on April 17 indicating that the Company fails to comply with the
filing requirements for continued listing set forth in Marketplace Rule
4310(c)(14), and further that the Company is late in paying fees to Nasdaq which
is a failure to comply with Marketplace Rule 4310 (c) (13), and that its
securities are, therefore, going to be delisted from the Nasdaq Smallcap Market
at the opening of business on April 28, 2003. Accordingly, the trading symbol
for the Company's securities was changed from FBCE to FBCEE at the opening of
business on April 22, 2003.

Previously, the Company had been notified that it would be delisted from the
Nasdaq Smallcap on May 29, 2003 due to failure to meet minimum bid requirements.

If the Company should eventually be delisted, it would suffer material adverse
consequences as set forth in the press release dated April 23, 2003.

FiberCore, Inc. develops, manufactures, and markets single-mode and multimode
optical fiber preforms and optical fiber for the telecommunications and data
communications markets. In addition to its standard multimode and single-mode
fiber, FiberCore also offers various grades of

                                    --MORE--

FIBERCORE, INC.                             FIBER OPTICS FOR THE NEXT GENERATION
- --------------------------------------------------------------------------------
253 Worcester Rd   o P.O. Box 180   o Charlton, MA 01507   o Tel: (508) 248-3900
                              o Fax: (508) 248-5588


FiberCore, Inc.
Page 2


fiber for use in laser-based systems up to 10 gigabits/sec, to help guarantee
high bandwidths and to suit the needs of Feeder Loop (also known as Metropolitan
Area Network), Fiber-to-the Curb, Fiber-to-the Home and Fiber-to-the Desk
applications. Manufacturing facilities are presently located in Jena, Germany
and Campinas, Brazil.

For more information about the company, its products, or shareholder information
please visit our Website at: www.FiberCoreUSA.com or contact us at: Phone -
508-248-3900 or by FAX - 508-248-5588 or E-Mail: sales@FiberCoreUSA.com;
investor_relations@FiberCoreUSA.com

Except for the historical matters discussed above, the statements in this press
release are forward looking and are made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. They are
based on the Company's current expectations and are subject to a number of risks
and uncertainties. Actual results may differ materially from those projected as
a result of certain general economic and business conditions; loss of market
share through competition; introduction of competing products by other
companies; changes in industry capacity; pressure on prices from competition or
from purchasers of the Company's products; availability of qualified personnel;
the delivery of an ability to commission new equipment as scheduled; ability to
obtain required financing; dependence on a limited number of raw material
suppliers; the loss or reduced creditworthiness of any significant customers;
and other factors detailed from time to time in the Company's filings with the
Securities and Exchange Commission.

CONTACTS:
AT THE COMPANY:                           AT FRB|WEBER SHANDWICK:
- ---------------                           -----------------------
Dr. Mohd A. Aslami, President/CEO         Alison Ziegler - General Info.
Robert Lobban, CFO                        212/445-8432
508/248-3900

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FIBERCORE, INC.                             FIBER OPTICS FOR THE NEXT GENERATION
- --------------------------------------------------------------------------------
253 Worcester Rd   o P.O. Box 180   o Charlton, MA 01507   o Tel: (508) 248-3900
                              o Fax: (508) 248-5588