Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | May 12, 2009

Philips to make India hub for global markets

Royal Philips Electronics plans to make India a hub for developing and manufacturing products for global markets and sourcing components across its core areas , a senior executive of Europe's largest consumer electronics group said in an interview with The Economic Times.
"India is much less affected (by the global slowdown) than other global markets and represents a huge opportunity to not only grow sales in India, but even develop products and manufacture them for our global consumers," said Gottfried Dutine, board member and executive vice-president at the Dutch-based Philips.

Philips' management is evolving a long-term plan, running until 2015, to invest in and grow its Indian business, according to the interview. The strategic shift towards markets like India comes in the wake of Philips reporting a 15 per cent fall in sales during the first quarter of 2009 in its more mature markets, according to eetindia.co.in.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
November 14 2017 8:30 PM V8.8.9-2