The US has made it difficult for Huawei Technologies to access the American market due to the political and financial implications. It has also blocked the giant tech company from selling its products in other areas as well. However, the Chinese company considers investing its 5G technology in India due to the large market in the country. The US had boycotted the giant wireless network company claiming it will open an opportunity for China to spy on other nations.
India has one of the largest markets for wireless technology besides china. In a report by Financial Times, Huawei decided to approach the Indian government and counter-accusations from the US to prove their transparency and professionalism. The largest maker of 5G components, the company has engaged the Indian government, which has shown interest in the service to satisfy the country’s large customer base. This means that Huawei will reap billions of dollars if the deal goes through.
The CEO of Huawei India said that there is no malice in Huawei investing in India and that they are committed to following all regulations and compliance. He said in a New Delhi interview that they are willing to cooperate with the government on realizing their mutual interests. He added that though they face many challenges from the US, their services are essential to India’s technological advancement. In the interview, he said that the absence of Huawei would break India’s ecosystem, adding that the loss will not only be financial, but also technological.
Huawei is China’s largest Tech Company and has the potential to make the country a superpower in the industry. The United States, however, is applying pressure on other countries to reject the company’s services. It may be seen as a way of intimidating competition. However, US secretary Wilbur Ross says that countries such as India that embrace Huawei equipment subject themselves to security risk. The Business Standard reported that top telecom companies like Airtel and Jio have decided to engage in trials with the Chinese company. CEO Chen said Huawei plans to invest in India for the long-term. He added that he did not get any feedback from the Indian government, suggesting that the Indians would adopt their technology.
India’s Prime Minister Modi has reportedly engaged in a conversation with Chinese President Xi on the same. They agreed to set mechanisms on how to improve trade between the two countries. Indian Foreign Secretary said that the two leaders did not discuss the issue during the two-day informal meeting. Though President Trump eased Huawei’s sanctions in June, it is still unclear why the company has restricted access to some parts of the world.
Dil Bole Oberoi
