Chinese telecom equipment makers Huawei Technologies Co and ZTE Corp have agreed to share the source codes on their equipment with Indian authorities.

The move follows concerns that the Indian government may launch a probe similar to the one launched by the United Sates over possible security risks.

According to a report in the Oriental Morning Post, India is expected to announce soon whether or not it will be opening investigations into the two Chinese companies.

A US congressional investigation alleged that the companies' technology might have security flaws that could be easily exploited for the purposes of spying or data theft.

The Times of India reported that India is about to discuss the issue at the upcoming meeting between the Indian Department of Economic Affairs and the Foreign Investment Promotion Board.

India has more than 1.2 billion people and a developing mobile market that could represent billions of dollars in revenue.

Huawei and ZTE spokesmen said previously that it would make no sense for the companies to allow spying activities because, if discovered, such activities would shut the companies off permanently from huge markets like India and the US.

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