HFCL eyes 20% growth led by 5G, design in India initiative

NEW DELHI: Homegrown telecom gear and optic fibre cable (OFC) maker HFCL is expecting a 20% year-on-year growth, driven by fifth generation or 5G technology-led optic fibre demand and indigenously-designed and developed products which it eyes to export worldwide.

“We will be growing at 15-20% growth every year. With the increase in revenues and equipment orders, the order book will also keep on extending,” Mahendra Nahata, managing director of HFCL said.