Chinese IT firm ZTE Soft expects to double its India revenues to $160 million by March 2014 and hire 300 more people locally within next one year.
“We expect to post 100 per cent growth in our revenue at $160 million by March 2014 from India business. We posted $80 million revenue from India in December 2012,” ZTE Soft‘s Senior Vice President Nie told PTI.
ZTE Soft, which is subsidiary of telecom equipment firm ZTE Soft, currently manages software services for BSNL in three zones, nine circles’ operations of Sistema Shyam and two circles of Idea Cellular
The company expects a major boost in business when contracts of European vendors in most of the service areas with some leading operators expire.
ZTE Soft, at present, has about 100 people working with it directly.
“The volume of business is going to be huge when consolidation starts in telecom sector. While we will have our workforce, we will take help of Indian partners to handle projects,” Sharma said. (Source:ET)
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