Betting big on the burgeoning affordable handset market in India, Chinese telecom major ZTE yesterday said it plans to set up a new R&D center dedicated to mobile phones. The firm will also launch six new smartphones this year to tap the multi-billion dollar opportunity in India. ZTE will price the...
Chinese company invests in R&D in India
Telecom equipment maker ZTE, one of the bigger players in the global 3G space, with $9 billion in global sales, is ready to invest $100 million into its Indian subsidiary, ZTE India. The funds are expected to come to ZTE's Value Added Services Software Development Center in Bangalore which houses...