China’s Huawei to Double Revenues in India

Posted by Reading Time: < 1 minute

Aug. 25 – Chinese equipment maker, Huawei Technologies, is aiming to double its Indian revenues to US$2.6 billion in 2009.

This year, the company surpassed Alcatel-Lucent to become the third largest mobile network gear maker in the world. Huawei still has no manufacturing facility in the country but is working with all major telecom operators including Bharti Airtel, Vodafone Essar, Idea Cellular and Bharat Sanchar Nigam.

“We witnessed 100 percent revenue growth here last year. This year, too, we are targeting to double India revenues from US$1.3 billion in 2008,” Huawei India executive director A Sethuraman told The Economic Times.

Overseas business accounts for 75 percent of Huawei’s earnings, with its biggest markets located in the Asia Pacific Region, Africa, Europe and South America. Last year, Huawei reported global revenues US$23.3 billion.

The Indian equipment market is estimated to be worth US$24 billion for 2009. Currently, Huawei is at fifth place in India where it has been aggressively expanding by 5,000 base stations monthly.