Philips India sees revenues doubling by 2011

Philips India sees revenues doubling by 2011

By Reuters

New Delhi: The Indian unit of Philips Electronics expects its annual revenues to double to Rs50 billion ($1.24 billion) by 2011, a senior company official said on 18 September.

“In India, we recognise a window of opportunity to be a significant player in the range of Rs50 billion.....Three to four years is the kind of bandwidth we are looking at," said Murali Sivaraman, chief executive designate of Philips Electronics India Ltd.

Its 2006 sales turnover was Rs26.5 billion. Philips sells lighting products, medical equipment, consumer electronics, domestic appliances and personal care products in India.