ZTEsoft to invest Rs 500cr in smart cities

After the Central Government gave its nod to Smart Cities, ZTEsoft has offered to invest 500cr in the project. In a quick response, ZTEsoft throws its hat in to the investment rings.

Ben, CEO, International, Ztesoft  , said, ‘ ZTEsoft is keen to work in smart city projects in India and ready to Invest 500cr in next 5 years. He also asserted, “We are very positive about the Indian market. New Govt. outlook also seems very positive about investments and govt. have shown great faith in Chinese counterparts. We are keen to work on Government of India Smart City Initiatives, since we come with an experienced hand and have delivered quite a few Smart Cities in China and neighboring countries. We consider ourselves as one of the leading players in the Indian Smart City Market”.

In order to prepare road map of investments, the ZTEsoft is organizing a 2 day event with the theme ‘Be Digital, Be Smart' focusing on ZTEsoft’s ZSmart BSS/OSS solution.

Prasoon Sharma, newly appointed MD, Enterprise and Government Business Unit in India and South Asia Ztesoft , said,“ZTEsoft will invest 40 cr INR approx to setup dedicated centre of excellence to work with Government of India for various project of Smart cities. We want to focus on Smart Cities and all the derivate of IoT (Internet of Things). Since we have done quite a bit of implementation of all these modules worldwide we want to enhance our prowess by replicating the success achieved in China in other countries”.

“We have Strong R and D capability .Quick to market requirements and new solution can be launched to the market in short time. In addition to the same we have worldwide local presence due to ZTE footprint. ZTEsoft combines the flexibility and simplicity of an IT start-up with the firepower and global engagement capabilities of a huge organization such as ZTE”, added Sharma.