Log has written
THURSDAY, MAY 17, 2012

By Reuters

Mumbai: Mobile phone maker Sony Ericsson said on 20 June it is setting up a research and development unit in India to strengthen its position in the world’s fastest-growing mobile market.

Sony Ericsson began selling cheap mobile phones in India in January through manufacturing agreements with Flextronics and Foxconn, and has a production target of 10 million units by 2009.

“Establishing a development facility in India, along with manufacturing, gives us a strong foothold for generating future growth,” Sudhin Mathur, general manager for Sony Ericsson India, said in a statement.

Sony Ericsson, a joint venture between Japan’s Sony Corp. and Swedish telecom equipment maker Ericsson, had more than doubled its share of the Indian market, the statement said without specifying the share.

The India unit will develop innovations that have “worldwide appeal” as well as for the Indian market, the company said.

The unit in the southern city of Chennai will be headed by Anders Grynge, who was previously at its R&D centre in Sweden. Sony Ericsson said it also has R&D units in China, Japan, Sweden, the Netherlands, the United States and Britain.

Tags - Find More Articles On:
  •  
blog comments powered by Disqus
Greece fears tighten grip on markets
Rupee breaches 54 mark to close at a record low, while benchmark Sensex drops to its lowest level since...
Govt nudges more PSUs to list on bourses
Listings will improve corporate governance, deepen capital markets by spreading the equity culture and...
Piramal steps into healthcare information biz with DRG buy
The acquisition is the third big investment by Piramal Healthcare in a year as it tries to diversify...
GM to stop advertising on Facebook
The company will continue to promote its products on Facebook, but without paying the social media firm
High blood pressure affects 1 in 3 adults worldwide
Diabetes, heart disease are spreading from developed to poorer nations as lifestyles change, says study