ZTE plans to invest Rs 5 billion in the smart city projects in India over a period of five years -

China-based telecom equipment manufacturer, ZTE is planning to invest Rs 5 billion in the smart city projects in India over a period of five years, through its software arm, ZTEsoft. The company is presently awaiting a framework from the government.

In terms of investment, ZTEsoft would spend Rs 1 billion towards setting up a dedicated centre for smart city projects and brand building. In addition, it will invest Rs 400 million to setup a dedicated centre of excellence to work with Indian government for various projects of smart cities. Meanwhile, it will invest additional Rs 400 million-Rs 500 million to build ZTEsoft?s brand name in India over 5 years.

The company has stated that it is ready with approved funds, which will enable it to implement technologies and other resources immediately after it signs any new project. ZTE has experience in such projects as it has worked in 38 smart city projects across the globe.

ZTE plans to invest Rs 5 billion in the smart city projects in India over a period of five years

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