Beijing time on November 25th news, according to foreign media reports, Huawei's rotating CEO Hu Houkun said on Thursday that India is a very important and promising emerging market, there are huge business opportunities in the mobile phone and telecommunications network business. He said that Huawei's business can flourish in India because of the good relationship with various operators and partners.
Hu Houkun said that he believes that the number of telecom users in India will increase significantly in the future, and mobile broadband coverage will expand, which will significantly increase the demand for data traffic in India. “In terms of mobile broadband, India is a very promising market,†he said.
Hu Houkun is one of Huawei’s three rotating CEOs. He has urged industry stakeholders such as regulators, telecommunications companies, equipment manufacturers, applications and content developers to create a “beneficial digital ecosystem†to accelerate India. The development of the mobile broadband industry.
At the moment, Huawei is investing heavily in the fast-growing Indian smartphone market, which hopes to reach young Indian users with affordable models. “India has a large population, and from a demographic perspective, there are so many younger generations in India, so we need support from the terminal business,†he said.
Over the past two years, Huawei has taken various initiatives to develop its business in the Indian market. In response to the call of Indian Prime Minister Modi’s “Made in Indiaâ€, Huawei previously set up a research and development center in Bangalore with an initial investment of US$170 million. Since then, Huawei has invested 1.36 billion rupees (about 136 million yuan) in February this year to establish its largest global service center in India.
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