Huawei and Micromax partnership
Huawei Technologies Co. Ltd. is a Chinese multinational technology company. Huawei is one of the successful brand in tech industry. Smartphone manufacturers are gradually expanding their presence in the offline market through partnerships with retailers. HUAWEI has announced that they are entering into a strategic partnership with Micromax Informatics Ltd to expand offline presence in India.
The company is trying to expand its customer portfolio and presence in the offline market in India with this partnership. The company has confirmed that they are going to expand in a phased manner starting from cities such as Delhi, Mumbai, Pune, Chennai, Kochi, Bangalore, Hyderabad, Ahmedabad, Dehradun, Kolkata, and Jaipur.
HUAWEI says that they invest around minimum 10% of their revenue towards R&D and the company spent over US$ 15 billion in R&D last year. Huawei has got its R&D centre in Bangalore, the company has investing over US$ 170 million (Rs. 1051 crores approx.) in this project.
Note: " Announcing the partnership, Tornado Pan, Country Head (Huawei Brand) Consumer Business Group, Huawei India said."