Huawei Technologies, the Chinese telecommunications equipment company, is planning to invest $100-150 million in 2012 in India as it bets on growth in the Indian telecom sector, according to a DNA report.
“Huawei is committed to a long term engagement with India, and over a period of time technology platforms such as enterprise business, devices business, 2G expansions, 3G and Long Term Evolution (LTE) will fuel growth,” said Sures Vaidyanathan, Huawei India spokesperson.
Huawei supplies equipment to telecom companies which facilitate the delivery of these technologies to the end users. Its Indian arm, Huawei Telecommunications (India), is one of the largest information, communications & technology firm and supplier of broadband equipment in India.
Sector analysts said the company is not stepping up immediate investment in India due to the cyclical nature of the business in the country. This is because 2G equipment demand is slowing down and the government is planning to incentivise domestic equipment manufacturers, they said.
They, however, said 3G and LTE may compensate for this in the time to come and the Chinese player may achieve higher market share in India under these two platforms.
