HFCL to put ₹125 cr into R&D to bag civilian and defence market share

New Delhi: Telecom infrastructure provider HFCL NSE -0.17 % is planning to invest Rs 125 crore in its R&D in 2020-21 in a bid to capture a large chunk of the Rs 40,000 crore communications infrastructure market for civilian market as well as defence forces in the next five years.



“The outlook for 2020-21 is very positive and our focus is on expanding revenue from our own designed products,” Mahendra Nahata, managing director of HFCL, told ET.Nahata said that with the government launching PM-Wani (public WiFi), connecting the country with optic fibre cable network through Bharat Broadband, pushing for ‘make in India’, especially for critical sectors like communication and with the pandemic-induced massive uptake for fiber-to-the-home (FTTH) due to increasing demand for high speed broadband, all together were creating massive opportunities for companies like HFCL.

 
 
 

   

 Fujairah FZ Fujairah 4442 ,Dubai

     United Arab Emirates

Info@fiberconnectmena.com

E-NEWSLETTER

Subscribe our newsletter to get the best stories into your inbox