ZTE targets 30% revenue growth in India

Chinese telecom equipment maker ZTE Corporation today said that it is targeting at least 30 per cent revenue growth in India during 2010-11, after overcoming security-related issues.

"We had witnessed a slowdown in sales in India during the last few months, following the government’s restriction on telecom equipment vendors citing security reasons. We aim to grow by at least 30 per cent during the year," ZTE Telecom India Chairman and Managing Director D K Ghosh said today on the sidelines of the CII-organised ICT East.

The $9-billion company had pegged its total revenue from India at $1 billion in the last fiscal.

Earlier this month, the Centre had modified rules for telecom operators and equipment vendors to address security-related concerns.

According to a statement issued by the Department of Telecommunications, telecom operators must take over equipment maintenance locally in a phased manner, and vendors must allow inspection.

"We will comply by every rule that the government comes up with," Ghosh said.

The company is also increasing local talent at every level. Currently, ZTE Telecom India has 2,500 people on its direct payroll.