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With ongoing tax-related issues and no “trusted sources<\/a>” approval, the Chinese company has stopped pursuing any possible partnership with an Indian company to support its commitment to the India market, people familiar with the matter said.
Notably, India is now open to allowing Chinese firms’ entry into the high-tech electronics sector if they set up manufacturing units in the country in partnership with local companies, ET reported Wednesday. The Indian government along with the industry is trying to identify Indian companies which may want to get into electronics joint ventures not just with companies in China, but also with those from South Korea, Taiwan and Vietnam.
Huawei India<\/a>, in a statement to ET, said that India is an important and complex market with many challenges for the company.
\"Huawei India carries out business operations only within the ambit of all the laid government policies, guidelines and regulations. We have continuously put compliance as the first and foremost priority. We keep interacting with relevant government authorities, industry bodies, stakeholders while evaluating the government directions regarding the way forward,\" the company said, adding that its commitment for Indian customers remains intact.
Huawei India CEO David Li had previously told ET that the company was ready to partner or form a joint venture with a local company to share its technologies and capabilities to serve the Indian market. He had then said that Huawei could offer its software and hardware modules to enable the local partner to serve the Indian telecom market.
“We are very much open and welcome to find a local partner which we can bring our strings and you know software or hardware modules and enable a partner to cultivate their capabilities to cultivate the local ecosystem. This is our sincere initiative into India. We are looking for a local partner and for commercial reasons, we don’t want to disclose any detail or name, but we are now closely working with many local companies to come up with this kind of innovation or, a joint venture to support this make in India initiative,” Li had told the publication in March 2021.