close
News

UTStarcom’s New Year Resolution: Make $100 mn, Get R&D Unit in India

utstarcom-logo

utstarcom-indiaTelecom gear maker UTStarcom is targeting to increase its India revenue by four times in 2015 compared to 2014. The company that offers products and solutions around telecom infrastructure however did not specify the target.

“We target four times more revenue this year than the past year from India operations,” Rahul Pandey, Director Sales & Marketing (India and SAARC) told TeleAnalysis.

The company’s business year ranges from January to December.

Pandey, however, gave a different twist to his target.

“There is an interesting mandate for us from our head office,” he said. “The management has decided to set up an R&D unit in India as soon as we reach $100 million revenue from here,” he explains with a smile.

“That’s our aim now,” he added.

The company had done a business of around $25 million in 2014.

UTStarcom whose prime focus was into packet transport and broadband products, is setting its eye on few more product offerings as well as few new business areas.

“We are broadening our portfolio this year to reach this target,” Pandey added. ” We’ll be focusing more on SDN, NFV (network functions virtualisation) and WiFi this year.”

The company is also bullish about the current government policy and initiatives like Digital India and Smart Cities.

With new govt and favourable policy initiatives, Indian telecom sector has become the global hotspot for newer trends and innovation. Saying that, UT Starcom is definitely going to be a well-suited partner for national initiatives like smart cities, Wi-Fi deployment, NOFN etc in near future. We are exploring for local partnerships to provide our expertise and support in the making of one of world’s advanced Digital Highway”, said William Wong, UTStarcom’s Chief Executive Officer in a statement.

UTStarcom is also participating in the smart city project of MMRDA in Mumbai. If selected, the company will be facilitating public WiFi services and would provide required infrastructure to participating telecom operators.

 

Tags : Featurednewsutsarcom india headutstarcom broadbandutstarcom india revenueutstarcom revenue
Gyana Ranjan Swain

The author Gyana Ranjan Swain

Tracking the telecom industry for last 14 years, Gyana has worked in cross platform media ranging from broadcast, print, wire agency and online. With an entrepreneurial bent of mind, he loves to write about how technology helps transform lives. He has also founded M2MCafe.com, a news portal on Internet of Things.

Leave a Response