With the exception of China, India is arguably the world's next biggest tech market. Chinese tech firm Huawei is looking to capitalize on the Indian market and has announced that it would soon begin manufacturing smartphones in the country.

Based on the latest report from IDC, Huawei is the world's third largest smartphone brand. Just like China, India also has a strict business policy when it comes to foreign investors.

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India has a program called "Make In India" which offers sizeable tax incentives to foreign companies that build their products locally. It appears that Huawei is trying to take advantage of this program, not only to lower production cost, but also to make its brand known in the country.

In a statement, Huawei India Consumer Business Group presider Peter Zhai said, "As an international brand, we are interested in developing our India business at the right time. It is going to be the second largest mobile devices market after China."

Zhai added that Huawei would have an aggressive stance in the Indian market. Huawei is no longer a stranger in the Indian smartphone industry. The company was lauded in the country following the successful release of its P9 flagship smartphone.

Huawei is not the only international company that has India as its main target. Tech giant Apple is also accelerating its investments in India. Recently, Apple announced that it would open a software design and development accelerator program in the Indian city of Bengaluru, and a mapping research center based in Hyderabad.

TagsHuawei, Huawei News, huawei india, Huawei China, Smartphone, India