Philips eyes 20%growth in India

In next five years , Dutch diversified consumer electronics and health care products firm Philips is looking at growing around 20 percent in India as part of its global target to achieve 40 per cent of its revenue from emerging markets. The company's Indian arm Philips Electronic India had clocked a sale growth of 20 per cent in 2010, while it parent posted growth of 10 per cent with a total global revenue of 25.4 billion euros.


Rajiv Chopra who is vice-chairman and MD of Philips India said that Company's growth in India needs to be quicker than the firms overall global growth in the coming years to achieve the global targets.

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