◆More exits likely as S Korean tech giant Samsung restructures operations in India
【Mumbai/ New Delhi】Samsung, India's largest consumer electronics and durables major, is restructuring operations. New president of Southwest Asia, based in India, HyunChil Hong, who took over from B D Park recently, looks to improve revenues and market share in the world's second-largest mobile phone market.
Sectoral sources say the company is bringing focus back on sales, merging marketing operations to cut flab. There have been a few exits as a result, including that of Tarun Malik, director and head of digital content, cloud and the media solutions centre, and of Sandeep Bhushan, director of the go-to-market strategy.
Sources also say the company might look to reduce workforce in its mobile phone division. This division gives Samsung 69 per cent or Rs 27,912 crore, of the total India revenue of Rs 40,392 crore (2013-14), according to Registrar of Companies (RoC) filings. Revenue from mobile handsets almost doubled for Samsung India from what it was at the end of March 2010.
○Philip's Made-in-India equipment for local and global markets
【Pune】Royal Philips launched MobileDiagnost Opto, a made in India digital x-ray system that helps radiologists with consistent diagnostic image quality, with mobility.
The product, fifth from the Netherlands-based company which is made in India, will also be taken to the global market. The product is among a range from the Philips Healthcare Innovation Centre (HIC) here, a pioneering venture for the company in an emerging market. It began operations four years earlier.
○Daikin eyes Rs 2600 cr turnover, aims to be top HVAC player
【Mumbai】Driven by its engineering and manufacturing strengths, higher localisation of products and a shift in its focus, Daikin Airconditioning India Pvt Ltd (DAIPL), a 100% subsidiary of Daikin Industries Ltd, Japan, has not only been able to achieve a turnaround in its fortunes, but also claims to have become a leading player in the residential AC segment.
"Daikin, in fact, started out with an eye on the commercial segment, but has now become a major player in the residential market, doing a complete U-turn in its strategy. From all accounts, the two things have gone hand in hand," said Kanwal Jeet Jawa, managing director, and the mastermind of the company's turnaround plan. "The turnaround in Daikin's fortunes in India is largely an outcome of higher localisation," he added.
○Salzer aims at Rs 600 crore turnover in three years
【Coimbatore】Salzer Electronics is looking to double its turnover to Rs 600 crore in three years and is also in discussions with some European manufacturers to develop and market large transformers, its top official said on the 9th April.
With these new ventures and strategy for expansion, Salzer, in which L&T has 26 per cent stake, is looking at 30 per cent growth in the next three years.
More exits likely as S Korean tech giant Samsung restructures operations in India
Philip's Made-in-India equipment for local and global markets
Philips commits to making in India with HIC
Daikin eyes Rs 2600 crore turnover, aims to be top HVAC player in India
Salzer aims at Rs 600 crore turnover in three years
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