US limits China’s tech exports, India’s Huawei business falls victim

Warta Ekonomi.co.id, Jakarta

Huawei has cut its sales target in India by 50 percent this year amid calls to boycott Chinese technology. In fact, the telecom company decided to lay off more than half of its employees in the country.

The information was published in a report by economic times (ET), like business news Quote on Tuesday (28.7.2020). For your information, according to the newspaper, redundancies Impact on 60% to 70% of Huawei employees in India.

However, units business India Huawei denies any layoffs in India. “Reports that more than half of Huawei’s employees in India have been laid off are not true,” the company said.

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Just so you know beforehand Huawei Revenue target of $700-800 million in India; based on data ET.

However, the latest report ET said: “(now red) the company is targeting sales of 350 million to 500 million.” dollar United States in 2020.”

Huawei’s business unit in India did not confirm the news, choosing to respond about its efforts to meet the needs of Indian consumers.

“Our operations and resources in India, backed by strong local talent, aim to meet all customer needs,†he said.

Sign for your information ET circulating amid rising ‘anti-China’ sentiment in India; after the deaths of 20 Indian soldiers in a border clash with Chinese forces last month.

Moreover, India has even asked two state operators to use locally made telecom equipment instead of Chinese ones.

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