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India is a promising emerging market: Huawei Co-CEO Ken Hu

Economic Times:  November, 2016

Tokyo: China's Huawei has said it sees India as a "very important and promising emerging market" with huge business opportunities for handset and telecom network businesses.

The company's rotating co-chief executive, Ken Hu, on Thursday said Huawei’s business in the country is flourishing because of its good relationships with various carrier partners.

The top executive said that going forward India would see a considerable swell in the number of telecom subscribers and an expansion in its mobile broadband coverage, which will significantly push up data traffic. “India is a promising market from the mobile broadband point of view,” said Ken Hu, one of the company’s three rotating chief executives.

Ken Hu has urged different industry stakeholders such as regulators, telcos, equipment manufactures, and application/content developers to collectively develop a “very favourable digital ecosystem” to accelerate the development of mobile broadband.

Huawei is betting big on India’s fast growing smartphone market, and it is looking to tap the country’s youth with affordable handsets. “India has large population and there’s a large network of young generation from a demographic point of view, therefore we need to provide support from our terminal business,” he said.

In the past 20 months, the company has taken various initiatives to grow its business in India. Tying itself to ‘Make in India’ campaign, it had earlier launched a research and development (R&D) campus in Bengaluru with an initial investment of $170 million, followed by an investment of Rs 136 crore towards setting up of its biggest Global Service Centre in the city in February this year.