illusion8
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some 300 Chinese companies are in various stages of an India entry
Chengdu Association for Foreign Trade Cooperation, says it is working with over 100 companies which are in various stages of setting up an India unit.
Gionee, for example, expects to get a billion dollars in sales from its India unit in two years (it will clock around Rs 3,000 crore this year) and is pulling out all the stops.
China's internet giant Tencent, which is owned by the country's richest man Ma Huateng, is optimistic about making a splash in the country.
India has identified four states — including Gujarat and Haryana — to set up industrial parks dedicated to Chinese firms. The Chinese government for its part has shown interest in financing a third — around $300 billion — of India's infrastructure build-out.
Shanghai Electric has an installed capacity of over 40,000 MW in India, according to a company official, including a $8.3-billion pact with Reliance Power to supply 36 coalfired thermal power generation units. India is the largest market for Shanghai Electric outside China.
Shandong Electric and China Power, too are slowly but surely winning contracts in power-starved India.
Huawei recently won a contract to instal state-run BSNL's IP network last year and is in play for more deals. "3G, Wimax and LTE are the new technologies to look for in the future. It plans to invest $2 billion in India by 2017,
the firm's R&D centre in Bangalore has become its mainstay generating some 250 patents. Huawei now plans to invest $150 million to build a 20-acre campus in Bangalore, which can accommodate 4,500 engineers.
Xiaomi, a Chinese handset maker, has an exclusive alliance with Flipkart to sell its phones — through five flash sales so far, it has sold some 75,000 units in six weeks of kicking off sales in India. Another Chinese handset maker Oppo says it is making rapid progress in India too; the firm has signed up Bollywood stars Hrithik Roshan and Sonam Kapoor to endorse its phones and has ambitious plans of being at least the No. 2 player in India in five years. "We are targeting 200 service centers in ..
internet gear maker TP-Link, which was a lightly regarded provider of equipment such as modems and dongles, wants to be the No. 1 player in India.
the likes of Yu Cheng Technologies and Camelot , two of China's biggest names in the space, are all sizing up the potential here. Rather than replicate the success of India's largest, these firms are positioning themselves as partners for the hard-to-crack markets at home in China, Japan and South Korea.
Chinese companies queue up to invest in India, but face several daunting odds - Page3 - The Economic Times
Chengdu Association for Foreign Trade Cooperation, says it is working with over 100 companies which are in various stages of setting up an India unit.
Gionee, for example, expects to get a billion dollars in sales from its India unit in two years (it will clock around Rs 3,000 crore this year) and is pulling out all the stops.
China's internet giant Tencent, which is owned by the country's richest man Ma Huateng, is optimistic about making a splash in the country.
India has identified four states — including Gujarat and Haryana — to set up industrial parks dedicated to Chinese firms. The Chinese government for its part has shown interest in financing a third — around $300 billion — of India's infrastructure build-out.
Shanghai Electric has an installed capacity of over 40,000 MW in India, according to a company official, including a $8.3-billion pact with Reliance Power to supply 36 coalfired thermal power generation units. India is the largest market for Shanghai Electric outside China.
Shandong Electric and China Power, too are slowly but surely winning contracts in power-starved India.
Huawei recently won a contract to instal state-run BSNL's IP network last year and is in play for more deals. "3G, Wimax and LTE are the new technologies to look for in the future. It plans to invest $2 billion in India by 2017,
the firm's R&D centre in Bangalore has become its mainstay generating some 250 patents. Huawei now plans to invest $150 million to build a 20-acre campus in Bangalore, which can accommodate 4,500 engineers.
Xiaomi, a Chinese handset maker, has an exclusive alliance with Flipkart to sell its phones — through five flash sales so far, it has sold some 75,000 units in six weeks of kicking off sales in India. Another Chinese handset maker Oppo says it is making rapid progress in India too; the firm has signed up Bollywood stars Hrithik Roshan and Sonam Kapoor to endorse its phones and has ambitious plans of being at least the No. 2 player in India in five years. "We are targeting 200 service centers in ..
internet gear maker TP-Link, which was a lightly regarded provider of equipment such as modems and dongles, wants to be the No. 1 player in India.
the likes of Yu Cheng Technologies and Camelot , two of China's biggest names in the space, are all sizing up the potential here. Rather than replicate the success of India's largest, these firms are positioning themselves as partners for the hard-to-crack markets at home in China, Japan and South Korea.
Chinese companies queue up to invest in India, but face several daunting odds - Page3 - The Economic Times
