The only jobs that Ericsson brings to India are low end back office jobs and at the most billing software. Even though it could have been one of their largest growth markets.
This could be a good opportunity to get them/Huawei to setup more cutting edge R&D (especially PHY layer), co-development and manufacturing. India should hand out some Chinese medicine to the Chinese.
High tech is a chicken and egg problem, India has all the ingredients, but apparently free market doesn't work when monopolies are involved.