Huawei invests in India to tap 3G need
By Zhu Shenshen |
January 12, 2010, Tuesday
|
Print Edition
Print Edition
HUAWEI Technologies Co yesterday said it will make telecom equipment in India and invest US$500 million over the next five years to set up a research hub in Bangalore to tap the potential of the 3G market in India.
Huawei's Indian unit plans to add 5,000 employees to the existing 2,000-strong labor force working at its research center in Bangalore in the southern part of India.
Shenzhen-based Huawei aims to win orders to build 3G networks in India from operators such as Bharti Airtel, India's biggest wireless telco.
Huawei's investment is also a part of the world's No. 2 telecom equipment maker to make India a hub for its global operations.
China's telecom firms are expanding in neighboring India to seek opportunities. More than 20 handset manufacturers in Shenzhen will jointly invest 10 million yuan (US$1.46 million) in factories in India. They will build 15 manufacturing lines in India with an annual production capacity of about 3 million units, Tang Ruijin, secretary general of the Shenzhen Mobile Communication Association was quoted as saying by media.
In 2009, Huawei generated sales revenue of US$21.5 billion, an 18-percent increase from 2008. The company forecast contracted sales to expand 20 percent to US$36 billion this year.
In December, India said it would levy anti-dumping duties of up to more than three times the value of synchronous digital hierarchy telecom transmission equipment imported from China. It said ZTE Corp will need to pay 236 percent duty and Huawei 50 percent on such equipment sold in the country.
Huawei's Indian unit plans to add 5,000 employees to the existing 2,000-strong labor force working at its research center in Bangalore in the southern part of India.
Shenzhen-based Huawei aims to win orders to build 3G networks in India from operators such as Bharti Airtel, India's biggest wireless telco.
Huawei's investment is also a part of the world's No. 2 telecom equipment maker to make India a hub for its global operations.
China's telecom firms are expanding in neighboring India to seek opportunities. More than 20 handset manufacturers in Shenzhen will jointly invest 10 million yuan (US$1.46 million) in factories in India. They will build 15 manufacturing lines in India with an annual production capacity of about 3 million units, Tang Ruijin, secretary general of the Shenzhen Mobile Communication Association was quoted as saying by media.
In 2009, Huawei generated sales revenue of US$21.5 billion, an 18-percent increase from 2008. The company forecast contracted sales to expand 20 percent to US$36 billion this year.
In December, India said it would levy anti-dumping duties of up to more than three times the value of synchronous digital hierarchy telecom transmission equipment imported from China. It said ZTE Corp will need to pay 236 percent duty and Huawei 50 percent on such equipment sold in the country.
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