Active Stocks
Fri Apr 19 2024 10:45:47
  1. Tata Steel share price
  2. 159.45 -0.34%
  1. Tata Motors share price
  2. 949.60 -2.24%
  1. Infosys share price
  2. 1,402.55 -1.27%
  1. ITC share price
  2. 424.10 1.23%
  1. Power Grid Corporation Of India share price
  2. 278.55 -0.59%
Business News/ Industry / Huawei considers India plant to ease security concerns
BackBack

Huawei considers India plant to ease security concerns

Huawei considers India plant to ease security concerns

Premium

New Delhi: Huawei Technologies, China’s top telecommunications equipment maker, said on Wednesday it is considering building a factory in India, after its imports to the country were slowed over government security concerns.

A Huawei spokesman in India said a facility could be set up soon if the company decided to go ahead with the plan, but did not provide further details.

The possibility of a new factory comes as Huawei’s hometown rival, ZTE Corp, another major exporter to India, said it was also considering building a factory.

Industry sources have said the Indian government is not approving equipment orders from Chinese vendors because of security concerns.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 12 May 2010, 01:31 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App