NEW DELHI, Apr 29 : Swedish firm Ericsson on Wednesday discussed its plan to expand manufacturing footprint, research and development investments, and strengthen telecom infrastructure in India with Telecom Minister Jyotiraditya Scindia.
Ericsson at present manufactures and exports 5G gears from India.
“Hon’ble Minister @JM_Scindia ji held a meeting with Mr Andres Vicente, @ericsson’s Head of Market Area India, South East Asia & Oceania. Discussions focused on expanding Ericsson’s manufacturing footprint in India, deepening R&D investments and strengthening telecom infrastructure in India,” the minister’s office said in a social media post.
India is the second largest market of the Swedish firm, which contributed 8 per cent to the consolidated revenue of the firm in the March 2026 quarter and 7 per cent in the year-ago period.
Ericsson has posted around 29 per cent growth in revenue to Rs 4,228 crore on a constant currency basis during the quarter ended March 31, 2026.
The company had posted revenue of around Rs 3,272 crore in the same quarter a year ago, calculated based on the average foreign exchange rate during the corresponding quarter. (PTI)
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