February 24, 2021

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HFCL to put ₹125 cr into R&D to bag civilian and defence market share

New Delhi: Telecom infrastructure provider HFCL NSE -0.17 % is planning to invest Rs 125 crore in its R&D in 2020-21 in a bid to capture a large chunk of the Rs 40,000 crore communications infrastructure market for civilian market as well as defence forces in the next five years.

“The outlook for 2020-21 is very positive and our focus is on expanding revenue from our own designed products,” Mahendra Nahata, managing director of HFCL, told ET.Nahata said that with the government launching PM-Wani (public WiFi), connecting the country with optic fibre cable network through Bharat Broadband, pushing for ‘make in India’, especially for critical sectors like communication and with the pandemic-induced massive uptake for fiber-to-the-home (FTTH) due to increasing demand for high speed broadband, all together were creating massive opportunities for companies like HFCL.


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