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News:
- 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.
- “India is an important overseas market for Huawei. We aim to become a top three brand in India within three years. ,” says Allen Wang, president of Huawei’s consumer business group in India
- Chinese telecoms giant Huawei Technologies Co [HWT.UL] has won a key Indian government manufacturing approval, paving the way for it to become the first major Chinese brand to make handsets in one of the world’s biggest markets for mobile phones.
- Foxconn, the Taiwanese tech group that assembles the Apple Inc iPhone in China, is also looking to open 10-12 plants in India by 2020.
Source: Reuters
