STL to hire 300-400 people in FY21 for 5G, wireless ecosystem and services biz | Companies News
New Delhi: Data network solutions provider Sterlite Technologies will hire about 300-400 professionals this fiscal for growth areas of 5G and wireless ecosystem and to support its plans to take services business global, Group CEO Anand Agarwal has said.
The company will hire professionals with requisite experience as well as freshers for these growth areas.
“We are strengthening our ecosystem that we speak about, our wireless and 5G ecosystem, so clearly on that front we are continuing with a strong level of hiring,” said Agarwal.
Part of the hiring is also in view of the company’s plans to take its services business global, in markets of the Middle East and Europe.
“We are continuing on our strategic path and we are not letting the current slowdown in the economy or whatever is happening on COVID, to impact our overall long-term strategic roadmap,” he said.
Sterlite Technologies (STL) expects to hire 300-400 people during the current financial year, he added. The company will adopt a structured approach to take its services business global.
At present, Sterlite Tech sells its products globally with over two thirds of fibre and cable it produces, targeted at the overseas markets.
“For our services business, we had consciously focused on the India market, so far. So we were doing projects for defence, telecom ecosystem, smart cities and rural broadband,” Agarwal said.
This year, the company is eyeing an international foray for its services business and has already started engaging with customers, who buy its products, for a larger services play.
“We will go for a structured approach, by taking up one global services contract first, and part of the hiring plans pertain to this,” he said.
The services play includes designing a project, integration of the entire network, as well as operation and maintenance functions.
With a portfolio ranging from optical fibre and cables, to network design, deployment and network software, Pune-based Sterlite Technologies positions itself as integrated solutions provider for global data networks.
It has optical preform, fibre and cable manufacturing facilities in India, Italy, China and Brazil.