The India market is growing rapidly and represents a sizable revenue opportunity for Borqs' business. We are committed to working on developing new technologies for the global market." Hareesh Ramanna, General Manager of Connected Solutions and Managing Director of Borqs India, further commented: "Borqs has a strong R&D team in India and we have been working closely with Qualcomm in the past several years to develop products being used worldwide. Given our focus on innovation, Borqs is committed to supporting the Indian Government's Made-In-India initiative and Qualcomm's Designed-In-India initiative." Yaqi Feng, Chief Operating Officer of Pacific, remarked, "We are excited by this development at Borqs, and we expect that, as a leading IoT products and solutions provider, Borqs' business will grow quickly in India and China, as well as in the U.S. markets.