Mobile handset maker China Wireless Technologies today forayed into the Indian dual-sim smart-phone market in partnership with Reliance Communications, aiming to clock Rs 800 crore revenue in the next five years.
"Our target is to record Rs 800 crore revenue in the next five years from the Indian market. We will invest Rs 400 crore as capex and opex over the next three years for the Indian operation," China Wireless India Joint Venture Head Sami Al-Lawati told PTI here.
Hong-Kong stock exchange-listed China Wireless Technologies' Indian subsidiary Coolpad Communications signed an exclusive distribution agreement with RCoM's retail subsidiary Reliance Webstore and the handsets would be available in the market under the "Coolpad" brandname
Thursday, October 8, 2009
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