BANGALORE, India China's Huawei Technologies, which already has a software development center here, said Thursday (March 24) it is planning to set up a telecommunications manufacturing facility in India.
According to a Reuters report from New Delhi quoting a Huawei executive, the telecom company plans to invest about a $100 million in the manufacturing facility. Operations are expected to begin within the next two years, and production will focus on the Indian telecom market, the report said.
India's fast-growing telecommunications services market has spawned huge demand for infrastructure gear and wireless handsets, which in turn has attracted several global telecoms equipment and handset manufacturers to invest in manufacturing here.
Other investors include South Korea's LG and Finland's electronics manufacturing services firm, Elcoteq. Nokia and Samsung are also close to finalizing plans for manufacturing here, according to Indian officials.
Huawei's software development center here employs several hundred engineers.