Samsung Electronics, the Korean electronics goods major, said on Wednesday that it aimed to grow by over 30 per cent this year as against Rs 4,000 crore (Rs 40 billion) revenues in 2003 by targeting consumers with a host of new products.
"We are aiming this year a growth of 30 per cent in value terms over last year's sales of Rs 4,000 crore," Samsung South West Asia CEO K S Kim told reporters.
The $47 billion Korean industrial group has invested $100 million in its Noida manufacturing unit since 1995, he said, adding the firm planned more investment "step by step" in future.
He, however, declined to comment on specific investment plans and also margins earned in India. "All the three divisions - IT and lifestyle products, Telecom products and home appliances - contribute equally for our revenues," he said.