Chinese telecom equipment manufacturer Huawei has decided to set up a local manufacturing base in Chennai with an investment of $500 million. A Sethuraman, executive director, Huawei India has said that this multi-product facility, which is to be constructed across an area of 30,000 sq ft near Sriperumbudur will become operational before the end of December. According to him, the investment will be staggered over the next five years. “The manufacturing facility will provide a time-to-market advantage to our customers, faster return on investments and future-proofing of technology or removing obsolescence by enabling compatibilities and smoother integration,” he added.
