Asia Bizz: Chinese technology giant, Huawei Telecommunications is now eying the Indian market for higher revenues. The company now aims to have more than $200 million revenues in enterprise business from 200 clients in energy, banking, telecom as well as transport sectors in India.
The company in the year 2011 marked a sales of $1.2 billion due to the positive response from the private enterprises in India. Huawei is also facing many security related issues with the Indian defence as well as security establishments.
The president, enterprise business, Eric Yu of Huawei Telecommunications said that that the division did not have a very good last year and made just $14 million in revenues, as the operations started only in the month of September, 2011. But the company has a good customer base of about 50 companies which are enterprise customers.
The current customer base is expected to increase by another 100 companies, with orders accounting $150 million. Now the company plans to begin its second research and development centre in Bangalore by mid 2013. The new facility is expected to employ more than 4000 people in the research of internet protocol (IP)routers as well as operational software for telecom and other industries.