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New Delhi, March 25: Huawei Technologies, China’s largest telecoms equipment maker, plans to set up a manufacturing unit in India in a bid to tap rising demand for communication gear in the country, a company official said on Thursday.
J. Gilbert, head of corporate affairs at the Indian unit of Huawei, told Reuters the firm would invest roughly $100 million on the plant. “In the next 1-2 years we will be setting up our own manufacturing unit in India.
The unit will be set up to meet the regional Indian demand,” Mr Gilbert said. India is home to the world’s fastest growing major mobile market thanks to low penetration rates and rockbottom tariffs.
Carriers such as Bharti Tele-Ventures and Reliance Infocomm are expanding networks furiously to tap unmet demand for telecommunications in the billion plus country. Only five in a 100 people in India own a handset compared with more than 25 in China.
About 2 million new users are entering India’s 52-million-strong mobile market each month lured by call rates as low as 2 to 3 US cents a minute. The sector is widely expected to cross 80 million users by the end of the year as rural expansion bears fruit and reduced taxes and rising competition help rates decline further.
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