Telecom equipment sales in India grow 18.6 percent in 2009-10
New Delhi: Maintaining its growth momentum, the Indian telecom equipment segment has witnessed a growth of 18.6 percent in the financial year 2009-10 marginally lower than the 20 percent growth in the previous year, according to Voice&Data100 survey. The overall telecom equipment revenue stood at 136,833 crore ($28.8 billion) during the fiscal, as against 115,382 crore in 2008-09, This segment is largely dominated by telecom equipment providers targeting telecom operators as well as mobile handset makers like Nokia that derives bulk of its sales from this segment. Finnish mobile maker Nokia maintained its top ranking with revenues of Rs 14,100 crore despite a decline in revenues as compared to last year, followed by the Chinese equipment maker Huawei. Huawei clocked revenues of 11,000 crore, despite India's security concerns about China-sourced telecom equipment. Nokia Siemens Networks maintained its third position at 10,824 crore, growing nearly 10 percent. Ericsson, which had been in a comfortable second position for the last two years, fell to the fourth place. ITI and Tech Mahindra were the new entrants in the V&D Top10 list of telecom equipment vendors in FY 2009-10. ITI entered the top 10 ranking with its spectacular 172 percent growth, touching 4,732 crore. Also, the carrier equipment industry showed a steady 21 percent growth, clocking 89,476 crore (nearly $19 billion), driven by high growth of wireless infrastructure, WiMax, transmission and broadband infrastructure. Despite the cautious approach by 2G operators, wireless infrastructure grew 26 percent to touch Rs 43,200 crore. The Enterprise equipment segment grew by 31 percent to touch 20,007 crore. The Switch and Router segments showed 92 percent and 65 percent growth, respectively. The telecom segment will continue to see robust growth in the current fiscal in the wake of upcoming 3G and Broadband Wirelss Access (BWA) launches and 2G expansion by new operators. "The telecom equipment segment growth is impressive in the backdrop of the recession-hit economy at large, and the fact that the 3G rollout did not happen last year," said Ibrahim Ahmad, Group Editor, Voice&Data.