News: Huawei to invest $100 mn in India
(PTI 02/05/2006) New Delhi - Chinese telecom equipment vendor Huawei Technologies will invest a total of $100 million in its R&D centre in Bangalore and for setting up a manufacturing facility in India shortly, subject to approval.
"We will invest $100 million for expansion of Indian operations, which will include $ 60 million for our plans to set up a manufacturing plant in India for which we have applied for approval to make telecom equipment and $ 40 million on expanding the Bangalore R&D centre," Fu Jun, global spokesperson for Huawei Technologies said here today.
The Bangalore R&D centre, which is the second largest centre outside Shenzen, currently has 1,200 profressionals and will touch 2,000 by the end of 2007. The centre is working on next geneartion networks,
broadband, optical and 3G equipment and is expected to focus on customisation of equipment.
The company realised it needs to set up a manufacturing base locally so that it may bid for BSNL contracts, and has sought government approval for the same, Jun said.
"We will invest $100 million for expansion of Indian operations, which will include $ 60 million for our plans to set up a manufacturing plant in India for which we have applied for approval to make telecom equipment and $ 40 million on expanding the Bangalore R&D centre," Fu Jun, global spokesperson for Huawei Technologies said here today.
The Bangalore R&D centre, which is the second largest centre outside Shenzen, currently has 1,200 profressionals and will touch 2,000 by the end of 2007. The centre is working on next geneartion networks,
broadband, optical and 3G equipment and is expected to focus on customisation of equipment.
The company realised it needs to set up a manufacturing base locally so that it may bid for BSNL contracts, and has sought government approval for the same, Jun said.
posted by InCar Group Press Room at 20:08
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