Huawei Technologies Co. announced on Wednesday the launch of its latest business unit in India.
The new unit will sell networking products to non-telecom customers within the country.
According to a statement released by the company, the enterprise business unit will focus on providing solutions for IP, communication & technology, as well as IT businesses and services.
Huawei also said it was hopeful that the newly launched enterprise unit in the fourth largest economy in the world will generate about $1 billion in annual revenue by 2015.
The company is also planning to tie-up with big brands such as Wipro Ltd. and AGC Networks Ltd. to sell its products in the power, banking, transport, government, and Internet sectors.
"The company is expected to clock $15 billion revenue (from its enterprise business worldwide) by 2015," said Huawei President Enterprise Business Eric Yu at the launch event, according to a Times Of India report (opens in new tab).
With this new development, the existing stake holders in the Indian telecom equipment market such as ZTE Corp., Nokia Siemens Networks are likely to face some rather tough competition from Huawei.