ZTEsoft to Invest 500cr in PM Modi's Ambitious Smart Cities in India Project

By Vigneshwar

| Published: Tuesday, May 5, 2015, 11:24 [IST]

ZTEsoft, a multinational software company of China, offers to invest 500cr in Smart Cities, the most ambitious project of PM, Narendra Modi.

ZTEsoft to Invest 500cr in PM Modi's Ambitious Smart Cities in India

The ZTEsoft has lost no time to response to the cabinet approval of setting up of 100 Smart Cities across the country with the budget outlay of 48,000cr on 29th April 2015.

In a quick response, ZTEsoft throws its hat in to the investment rings. - Mr. 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.

He added, "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".

To outline the 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, ZSmart City solution for transportation and one card solution on 5th & 6th May, 2015, at The Oberoi, Dr. Zakir Hussain Marg New Delhi.

The event will have galaxy of eminent personalities that includes Mr. Bandaru Dattatreya, Minister of State, Labour and Social Empowerment, Mr. Nihal Chand, Minister of State, Panchyat Raj and Mr. Vijya Sharma, Minister of State, Social Justice and Empowerment. Dr. Andy Nie, VP, South Asia/India/CIS Business Group, ZTEsoft, Ben Zhou, CEO, ZTEsoft,Ivan Cairo, BDD,ZTEsoft, Larry Goldman, Head of Telecom Software Research, Gulson Khurana, CTO, Reliance, Kenneth Dilbeck, VP, collaboration R&D, TM Forum and others will address the gatherings.

Prasoon Sharma, newly appointed MD, Enterprise & Government Business Unit in India & South Asia Ztesoft , said,"ZTEsoft will invest 40 crore 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".

He further added,"We have Strong R&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."

Dr. Nie, CEO, ZTEsoft, India/ South Asia/ CIS said that, "ZTEsoft has a proven track record selling BSS/OSS solutions worldwide which got us excellent results implementing state-of-the-art solutions in sophisticated digital markets (ASIA)."

"It has wide footprint and sales perspectives on very cost sensitive regions with the biggest potential(India, Africa) and proven track record on long term and fruitful relationship with customers (operators).The company wants to provide clear and strong Digital Enabling value proposition which includes clear vision on BSS for supporting the coexistence of traditional Telco Business with new Digital Services and Business Models and last but not the least Clear vision and value proposition for supporting the different actors in the Digital ecosystem"