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HUAWEI IN $500M INDIA OUTLAY

Huawei Technologies, the Chinese telecoms equipment company, is to make a $500m investment in its research and development operations in the southern Indian city of Bangalore as part of an effort to avoid falling foul of tension between New Delhi and Beijing.

Max Yang, Huawei's India chief executive, said his company was making efforts to have its local operations seen more as an Indian operation in an attempt to dispel a “mystique” impeding its business.

In the wake of the Mumbai terror attacks in 2008, Indian officials have also become more wary about the security surrounding the country's telecoms industry, particularly in sensitive border regions.

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