The $2-billion expansion initiative is being undertaken with the intention of leveraging India to power a larger global expansion strategy. The big goal is world domination. At present, Huawei trails Sweden’s Ericsson as the world’s second-largest telecom equipment maker by revenues. The company closed financial year 2010, ended December, with $28 billion in revenues (unaudited). This was just a few steps behind Ericsson’s $31.3 billion. Paris-based Alcatel-Lucent follows third at $21.3 billion revenues and Finland’s Nokia Siemens Networks comes in fourth at $17 billion. Incidentally, while Ericsson’s global revenues have dropped 1.6 per cent during this period, Huawei’s have grown 28.4 per cent.
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