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\"We will be growing at 15-20% growth every year. With the increase in revenues and equipment orders, the order book will also keep on extending,\" Mahendra Nahata, managing director of HFCL said.
The Delhi-based company's order book currently stands at Rs 6,500-crore, and it said that exports are expected to contribute nearly 15% of the overall turnover this year.
\"Next year we should be able to increase it (exports) to 30%, and we expect that 25% of overall business will come from fibre and cable,\" the top executive added.
The Indian company is aggressively eyeing to make locally-designed and developed telecom products available for markets worldwide.
\"Given that Indian companies like us are developing indeginous technology and products, we would want to export globally as well. We are investing a good amount on R&D,\" he said.
One of the top two fibre makers has lately diversified its business to include Wi-Fi systems, access points and backhaul radios, and is undertaking research and development (R&D) activities in order to create intellectual property rights (IPR<\/a>) locally in line with Centre's ambitious Atmanirbhar Bharat<\/a> (self-reliant India) initiative.
\"Since nearly 95% demand is from global markets and since our locally-developed products are competitive, we want to cater to more markets and customers. In the optic fibre segment, India's demand is only 5% of the world market,\" Nahata said.
The company is also vying for the Universal Service Obligation Fund (USOF<\/a>)-driven scheme to promote local R&D, and design-led production-linked incentive (PLI) scheme, launched in June 2022.
Early this month, the Department of Telecommunications (DoT<\/a>) launched Telecom Technology Development Fund (TTDF) following Prime Minister Narendra Modi’s clarion call of Jan Anusandhaan (public research) to fuel innovation and IPR creation to strengthen the domestic manufacturing ecosystem.
Nahata said that the company currently employs 250 people for in-house R&D, and a similar base of people, is also engaged in designing and developing telecom products as a part of arrangement with other players.