The native manufacturer of telecom equipment, HFCL, intends to export its products to North America.
Additionally, the business intends to open a manufacturing facility in Delhi NCR. For the production of 5G FWA (fixed wireless access) devices, it will invest Rs 100 crore.
While we are spending nearly Rs 500 crore a year on expanding our fibre capacity, we are only investing about Rs 200 crore a year on research and development for telecom products. And an additional Rs 100 crore will be invested in the manufacturing facility, he said.
Our two biggest markets are in Europe and India, HFCL’s managing director Mahendra Nahata told ETTelecom. “We are exporting goods to the Middle East, Australia, France, Germany, Poland, UK, and now North America.”
While we are spending nearly Rs 500 crore a year on expanding our fibre capacity, we are only investing about Rs 200 crore a year on research and development for telecom products. And he said that an additional Rs 100 crore would be invested in the manufacturing facility.
It recently unveiled its in-house 5G FWA CPE solution, which will support multiple Sub-6 GHz and mmWave frequency bands for 5G standalone architecture (SA) and non-standalone architecture (NSA) technologies, providing affordable and fiber-like speeds to 5G network users.
Source ET