Huawei has launched its business unit to sell networking products to non-telecom sectors in India. Its telecom clients have been slowing expansions due to corruption charges (read – 2G Scam) and so they Huawei is targeting the non-telecom companies. Here’s what the president of Huawei Telecommunications India Pvt. Ltd., Mr. Eric Yu said:
The company expects the newly launched enterprise unit to post about $1 billion of annual revenue in India by 2015, accounting for a quarter of its total revenue from the country at that time.
It must be noted that Huawei had garnered a total revenue of $ 1.5 Billion from India in the year 2010. Now, it’s aiming for a billion dollar revenue from just its enterprise network solutions in India.
Government Created Problems
Earlier, the Indian government did not allow Indian companies to import equipment without getting security clearance as they feared that these equipments could have spying devices embedded in them. The government had especially been rejecting proposals from Chinese companies and Huawei was also getting affected by it. Now, with the issues over Huawei aims to do some brisk business.
Abhineet Kumar is the co-founder of Hungry N Foolish. A student of Business Administration, he is passionate about entrepreneurship and blogging. Abhineet urges you to do your bit in making this world a better place to live in, in your own small ways. Catch him on Twitter @abhineetsays.