Chinese equipment maker Huawei will invest USD 2 billion over the next four years in India and set up global R&D centre in the country, reports PTI.
The company, which clocked USD 1.5 billion in revenues from India in 2011-12, is also betting big on the roll out of 4G LTE services in India and is targeting more than 50 per cent share of the contracts coming in.
"2011 was a good year for Huawei because our revenue in India increased about 20 per cent. Last year, we began building a new R&D centre in Bangalore, which will house more than 5,000 people. From 2011, the plan is to invest USD two billion in five years in india," PTI quoted Huawei India chief executive officer Cai Liqun as saying.
“We earned $1.2 billion from network solutions and management services and $300 million from devices, customer premises equipment and dongles in the last financial year,” he added.
Huawei is betting big on the roll out of 4G LTE services in India and is targeting “more than 50 per cent of the contracts” in this space, said Liqun. “We have deployed a large number of base stations in India on time division duplex (TDD) LTE. Our products are ready for shipping and we seek more devices that can support LTE,” said Ying Weimin, president of GSM, UMTS (universal mobile telecommunications system) and LTE network at Huawei.