"In the next ten years, I would expect that we should be recognised as one of the leaders in the truck tyre market in India," Michelin President (Africa-India-Middle East) Prashant Prabhu said.
Global tyre major Michelin said it may consider making passenger car tyres and set up a new plant in India after 2015 if the market demand then is good enough to sustain a large plant.
As an increase in FDI in retail is being opposed, local retailers have a thriving year.
"We expect our revenues to reach $1 billion by the end of this calendar year up from $700 million in 2006 driven by strong factors. In the first three quarters of the current financial, the company's revenue has grown by over 39 per cent," IBM vice president (financial management) Jesse Green said in New York.
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