The Chinese telecom giant Huawei Technologies has decided to up its ante in India by hiring another 2,000 people in the next 18 to 24 months. The company also plans to set up a manufacturing plant, either through a joint venture or through an acquisition.
Huawei vice president Weimin Yao told that the company will soon finalise the location and the size of investment in the manufacturing plant. "Our aim is to become an integral part of the local industry,'' he said.
Huawei designs and develops GPRS, GSM, CDMA, WiMAX solutions for around 40 top telecom service providers in the world.
"Telecom, especially rural telephony, is a huge growth area in the country and we want to grow with the industry and the local governments,'' Yao said.
Yao said Huawei is developing India as a human resource hub to ensure technology, research and management talent movement to customer locations across the globe. "The majority of the fresh recruits will have an engineering profile, while sales, marketing and manufacturing will contribute to the rest,'' he said.
The telecom software provider employs more than 87,000 people worldwide and operates in over 100 countries. During 2009, Huawei expects to sign contracts worth $30 billion — against $23 billion last year — of which 75% is likely to be from outside China. "Despite the market turbulence, we have been growing at a CAGR of 30% to 40% in the last five years,''said Yao.
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