Samsung 25-30% growth in Indian business this year Story
Samsung is looking at a growth rate of 25-30 per cent in India this year, driven by mobile phones and notebooks.
Last year, the company had registered a turnover of Rs 20,000 crore in India.
"We are looking at a growth rate of 25-30 per cent for Samsung Electronics in India this year," Samsung Country Head India Mobile and IT Business Ranjit Yadav told reporters here.
Yadav said the growth would be driven by strong uptake in smartphones and tablet PCs as well as home appliances.
"India is a very important market for Samsung. It is the third largest mobile phone market in the world and we treat India as a priority market," Yadav said after the launch of its first mobile phone brand store here.
India is the second country, after Singapore, where the company has set up its brand store.
The company plans to open such stores in every metro within this year. Investment details were however not disclosed.
The store will basically cater to mid- to high-end products of Samsung.
Samsung has 44.7 per cent share in the smartphone segment, while in the overall mobile handset category, it has 34 per cent share, as per analyst estimates.
The company operates through franchisees and has more than 260 smartphone cafes across the country. It has a presence in over 90,000 multi-brand retail outlets in the country.
