Swedish telecom major Ericsson has confirmed their plans to expand further into the Indian market as they have just opened up their research and development (R&D) facility in Chennai.

This new center would work on developing charging solutions and value-added solutions targeted at the pre-paid and multimedia segments.

Interestingly the company has been working on similar projects since the beginning of the year at a temporary facility. Now, they have an official setup to carry out some serious R&D work in India.

This newly established center already as around 50 professionals employed by the company. Ericsson has also setup a global services delivery centre in Chennai to cater to the needs of its global clients.

A company representative added that they plan to invest over $100 million per annum in the next few years in India. They already have a manufacturing facility in Rajasthan to make mobile base stations and switches and are also considering putting up a manufacturing facility in Chennai.