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Huawei to Invest $500M in IndiaHuawei to Invest $500M in India

12:05 PM Huawei confirms plans to invest in a manufacturing unit in India, with ZTE likely to follow suit

September 20, 2010

1 Min Read
Huawei to Invest $500M in India

12:05 PM -- Huawei Technologies Co. Ltd. has confirmed plans to invest $500 million in a manufacturing unit in India, reports The Economic Times.

The move should find favor with India's telecom authorities, as it will create jobs and keep more of the operators' capex in the country. During the height of the recent security flare-up, which is now resolved, an industry insider told Light Reading Asia that the Chinese vendors were out of favor with the authorities because they weren't investing in India, "so the entire profit is going out of India." (See Huawei Boasts India Business, Huawei Addresses Security Fears, and India Clears Way for Chinese Imports.)

Fellow Chinese vendor ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) is expected to follow suit. It already has a small assembly unit at Manesar, near New Delhi, and has hinted at plans to expand that site or invest in a separate manufacturing unit. (See ZTE Embarks on Indian Charm Offensive and ZTE India Expands Tech Center.)

— Gagandeep Kaur, India Editor, Light Reading

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