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Business News » Companies News

Huawei expects 60 pc growth in enterprise biz next year

Chinese telecom gear maker Huawei expects over 60 per cent growth in enterprise business in India next year on account of national initiatives like Digital India and transformation of technologies at business organisations, a top company official said Friday.

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Huawei expects 60 pc growth in enterprise biz next year
Huawei is investing USD 200 million over three years for setting up 20 such labs globally, including one in India. Image Source: Reuters
Written By: PTI
Updated: Fri, Oct 26, 2018
06:21 pm
New Delhi, PTI
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Chinese telecom gear maker Huawei expects over 60 per cent growth in enterprise business in India next year on account of national initiatives like Digital India and transformation of technologies at business organisations, a top company official said Friday.

"This year between first and third quarter enterprise business grew by around 60 per cent. Next year we expect to continue with same level of growth but not less that this," Derek Hao, President, Enterprise Business Group (EBG), Huawei India told PTI.

He said national initiatives like Digital India are leading to transformation across the country, including within business organisations.

Huawei India CEO Jay Chen announced that the company under Huawei EBG is setting up an 'OpenLab' in Delhi to develop new technologies in collaboration with partners and train engineers to adopt next generation technologies.

Huawei is investing USD 200 million over three years for setting up 20 such labs globally, including one in India. Out of the total budget, Huawei will invest USD 23 million in setting up OpenLab in India and Thailand.

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"In India, we will train over 400 engineers, certify 200 engineers and we will do over 100 proof of concept every year with partners," Hao said. Huawei's global alliance partners who will work with the company in OpenLab include TCS, Infosys and Tech Mahindra as well as some local Indian companies.  

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HuaweiDigital India
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