Huawei Plans $500mn R&D Investment in India
Huawei Technologies, the Chinese telecom equipment giant, reportedly plans to invest $500 million in its research and development operations in the southern Indian city of Bangalore.
The company will make its R&D investment over five years to help its India-based operations become a resource for its global operations, said Max Yang, Huawei’s India chief executive.
Huawei also intends to open a manufacturing unit in India that would help it avoid steep anti-dumping duties on Chinese goods. The manufacturing operation could be up and running later this year, according to a company official
The company, which has achieved formidable growth by providing technology at low cost, has a 20 percent share in the global telecoms infrastructure market, trailing Sweden’s Ericsson, and had revenues of about $21 billion last year.
Huawei supplies equipment to India’s leading mobile telephone networks including Bharti Airtel, Vodafone Essar and Reliance Communications.
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