financetom
Technology
financetom
/
Technology
/
Huawei expects 60% growth in enterprise business next year
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Huawei expects 60% growth in enterprise business next year
Oct 26, 2018 9:08 AM

Chinese telecom gear maker Huawei expects over 60 percent growth in enterprise business in India next year on account of national initiatives like Digital India and transformation of technologies at business organisations, a top company official said on Friday.

"This year between first and third quarter enterprise business grew by around 60 per cent. Next year we expect to continue with same level of growth but not less that this," Derek Hao, President, Enterprise Business Group (EBG), Huawei India told PTI.

He said national initiatives like Digital India are leading to transformation across the country, including within business organisations.

Huawei India CEO Jay Chen announced that the company under Huawei EBG is setting up an 'OpenLab' in Delhi to develop new technologies in collaboration with partners and train engineers to adopt next generation technologies.

Huawei is investing $200 million over three years for setting up 20 such labs globally, including one in India.

Out of the total budget, Huawei will invest $23 million in setting up OpenLab in India and Thailand.

"In India, we will train over 400 engineers, certify 200 engineers and we will do over 100 proof of concept every year with partners," Hao said.

Huawei's global alliance partners who will work with the company in OpenLab include TCS, Infosys and Tech Mahindra as well as some local Indian companies.

First Published:Oct 26, 2018 6:08 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan braces for life with interest rates after historic change
Japan braces for life with interest rates after historic change
Mar 21, 2024
TOKYO (Reuters) - In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. Ideally, I'd like to do one a year. But I don't have that much money, Kanoh said of the customised pieces of machinery that cost...
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Mar 22, 2024
(Reuters) - The U.S. government's antitrust lawsuit against Apple ( AAPL ) draws on the watershed 1998 case that broke Microsoft's ( MSFT ) stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. The market for the iPhone today looks very different from the near-monopoly enjoyed by Microsoft's ( MSFT ) Windows...
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
Mar 22, 2024
The two companies will establish a DePIN alliance in south-east Asia.AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days.AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services.Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator...
Japan braces for life with interest rates after historic change
Japan braces for life with interest rates after historic change
Mar 21, 2024
TOKYO, March 22 (Reuters) - In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. Ideally, I'd like to do one a year. But I don't have that much money, Kanoh said of the customised pieces of machinery...
Copyright 2023-2026 - www.financetom.com All Rights Reserved