PM Modi's 'Make in India' attracts $170 mn investment from China's Huawei

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.

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 centre 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.

(Reuters)