Chinese telecoms giant Huawei Technologies 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.
The green light from the Ministry of Home Affairs, confirmed by an official on Wednesday, comes 19 months after Huawei first applied for a manufacturing license, amid wrangling over national security concerns. It also marks a significant boost for Prime Minister Narendra Modi’s "Make in India" campaign.
India has 975 million mobile phone subscriptions in a fast-growing market. Close to 150 million subscribers use mostly imported, Internet-friendly smartphones, a number that’s forecast to grow about 26 percent annually until 2019, according to a recent HSBC report.
(Source: Jakarta Globe )