February 5, 2015 / 12:52 PM / 4 years ago

China's Huawei makes $170 million "Make in India" investment

REUTERS - Chinese telecom company Huawei Technologies Co Ltd has invested $170 million to open a research and development centre in India as it ties itself to Prime Minister Narendra Modi’s “Make in India” campaign, the company said on Thursday.

A man walks past a Huawei company logo outside the entrance of a Huawei office in Wuhan, Hubei province, October 9, 2012. REUTERS/Stringer/Files

The campus in Bengaluru, previously called Bangalore, is the first such investment made by a Chinese company in India and will be used to develop software components, Huawei said.

It is also the company’s biggest R&D center outside China.

Modi has been making a push to lure foreign investors to the country and boost its manufacturing capacity.

“This center can accommodate nearly 5,000 software engineers, and we are confident that it will play a bigger role in the innovation journey of Huawei,” said Wilson Wang, Chief Operating Officer of Huawei’s India research and development.

Reporting by Nivedita Bhattacharjee in Mumbai

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