Chinese telecom gear maker ZTE’s software arm, ZTEsoft, plans to invest Rs.600 crore in Smart City projects in India over a period of 5 years.
“The new government outlook seems very positive about investments and it has shown great faith in Chinese counterparts. ZTEsoft is keen to work in smart city projects in India and ready to invest Rs.500 crore in next five years,” ZTEsoft International CEO Ben told.
Besides this, ZTEsoft would spend around Rs.100 crore on setting up a dedicated centre for Smart City projects and brand building. He said that ZTE has experience in such projects as it has worked in 38 Smart City projects across the globe.
“The ZTEsoft has lost no time to respond to the cabinet approval of setting up 100 smart cities across the country with the budget outlay of Rs.48,000 crore. We are ready with plans and were only awaiting a framework from government,” ZTEsoft India and South Asia managing director for Enterprise Business Prasoon Sharma said.
He said that ZTEsoft will have a dedicated team for smart city projects. “We will additionally invest around Rs.40 crore to setup a dedicated centre of excellence to work with Indian government for various projects of smart cities,” Sharma said.
Sharma said that ZTEsoft is ready with approved funds that will enable it to implement technologies and other resources immediately after it signs any new project. “We are first time hosting our ZTE User Forum in India starting 5 May where key players with experience in building smart cities will be present. Through this we are trying to highlight that India’s effort to come on global smart cities map,” Sharma said.
ZTEsoft chief marketing officer Fu Jianjun said company now wants to be clearly visible in India for smart cities project. “We will invest additional Rs.40-50 crore to building ZTEsoft a strong brand in India over 5 years,” Jianjun said.
