According to a report in China Tech News, the Chinese tech company will set up manufacturing operations in India – and thus becoming a player on one of the fastest growing smartphone markets in the world. The report states that Peter Zhai, Huawei's president for consumer business group in India, announced during the Huawei P9 launch, that the company had received a manufacturing license in the country – and that it would soon initiate its local manufacturing plan. Huawei as a name brand is not new on the Indian market; however, with local manufacturing the company can reduce costs and also promote its product to the local market at a much greater speed.