Huawei pledges $2B investment in India over 5 years

Huwaei Technologies Co. Ltd. says it plans to invest at least $2 billion in India over the next five years. The Chinese infrastructure vendor made the announcement leading up to a meeting this week between the leaders of India and China over trade.
Over the next five years, Huawei said it plans to focus on research and development, local manufacturing and technology cooperation with Indian businesses. The company plans to build a new research and development campus in Bangalore where it already has a team of 2,000 engineers currently. The expansion should boost that total to 3,000 employees in Bangalore alone. The company has also kicked off its first phase of local manufacturing in Chennai.
“Huawei has been in India for over a decade and is committed to a long-term development and cooperation in India. As an integral part of Indian telecom industry development and an active player serving all telecom service providers, Huawei India strives to be the long-term partner for the development of India’s telecom and IT industry and inclusive growth,” Huawei India CEO Max Yang said.