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Thursday, July 16, 2015

China's telecom giant Huawei gets clearance to produce in India Wednesday July 15,2015

Chinese telecom giant Huawei Technologies has won security clearance to manufacture telecoms equipment in India, paving the way for it to become the first major Chinese brand to supply locally-made products for one of the world's biggest markets for mobile phones.


The green light from the Ministry of Home Affairs, confirmed by an official on Wednesday July 15,2015, comes 19 months after Huawei first applied for a manufacturing licence, amid wrangling over national security concerns. It also marks a significant boost for Prime Minister Narendra Modi's 'Make in India' campaign

Huawei's clearance to manufacture telecoms gear comes as a number of China's largest phone makers, including Huawei itself, have indicated they are keen to supply locally made products to India's fast-growing mobile market, which has more than 975 million mobile phone subscriptions.
Close to 150 million subscribers use internet-friendly smartphones, a number that was forecasted to grow about 26% annually by 2019

Pending final approvals, Huawei would become the first big-name Chinese phone maker to manufacture hardware in India's growing market to helping compensate for slowing growth at home

Huawei already has research and development operations in India and manufactures for export in the southern state of Tamil Nadu. Setting-up local research and production centres is seen as key to helping Chinese firms offer top-end features at even lower cost to India's price-sensitive consumers.

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