Global telecommunications giant Huawei on Wednesday furthered their innovation and talent development, investing 30 million Australian dollars (22.08 million U.S. dollar) a new training and innovation center in Sydney.

Inaugurating the center on Wednesday, Huawei Global Rotating Chief Executive Ken Hu said innovation is part of the giant's DNA, investing at least 10 percent of revenue into research and development since the companies founding in 1987.

"Just like capital and technology, talent is a key success factor for innovation," Hu said.

At the inauguration ceremony, New South Wales (NSW) Premier Mike Baird welcomed Huawei's investment to make sure NSW and Australia has the talent needed to make the most of telecommunication innovation to shape the future economy.

"There's a strong market for new technologies in NSW and I welcome Huawei's investment and commitment to creating a better ICT sector in this state," Baird said.

In one of its largest investments into Australia, Huawei has the capacity to train over 2000 people -- including 100 university and technical college students per year through the center.

"Huawei Australia has trained over 3,000 people in the last five years, the National Training and Innovation Center will help us continue our efforts in talent development and innovation in Australia," Hu said.