Chinese telecom gear maker Huawei has chalked out a plan for next three years to almost double its sales at $2 billion in India and meet most of its requirement through its manufacturing facility in Chennai. "We have made a three-year business plan. By end of 2017, our total sales should be about $ 2 billion (over Rs 12,000 crore)," Huawei India CEO Cai liqun told the news agency in an interview.
Huawei India posted a revenue of about $ 800 million in 2013 and it is estimated to have grown by 30 per cent in 2014, with 30-35 per cent market share in telecom equipment business. "Our final revenue figure for 2014 is being work out. We estimate to have grown by more than 30 per cent with market share of 30-35 per cent in the carrier business," liqun said.
He said that company will ramp up its manufacturing facility in the country to meet most of its requirement domestically. "Our theme is to make in India, develop in India to enable Digital India. We want to meet 100 per cent India requirement from our Indian manufacturing plant but it will depend on the component ecosystem. Not all components are available in India. last year, around 50 per cent of India shipment was supplied by local factories," liqun said.