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, 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.
"Some of the Indian telecom operators
have started discussion with us for handling their IT needs. They are
finding European vendors expensive. We are building capacity in India
and to cater demand we will hire about 300 people more in a year," ZTE
Soft Deputy Director Prasoon Sharma said.
ZTE Soft, at present, has about 100 people working with it directly.
The company has also partnered with Indian IT companies Tech Mahindra, Wipro and TCS for system integration.
"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.
