China's Huawei considers India plant to ease security concerns
NEW DEHLI |
NEW DEHLI May 12 (Reuters) - Huawei Technologies [HWT.UL], 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 (0763.HK)(000063.SZ), another major exporter to India, said it was also considering building a factory. [ID:nBMA007504]
Industry sources have said the Indian government is not approving equipment orders from Chinese vendors because of security concerns.
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