Samsung to expand in India

South Korea’s Samsung plans to expand its retail footprint in India to meet its goal of capturing 12 per cent of India’s consumer notebook market.

Samsung plans to take its retail presence in the country to more than 1000 stores by the end of the year, up from 700 currently.

“We are focussed on launching more made for India products and expanding our retail footprint.,” said Ranjit Yadav, head of mobile and IT at Samsung India.

Samsung currently accounts for nine per cent of India’s consumer notebook market and 22 per cent of multi-function printer segment. Mobile and IT sales comprise 55 per cent of the company’s revenue, worth around Rs 20,000 crore (US$4.14 billion) last year.

“Based on our new launches and retail expansion, we are confident of doubling our note PC business this year,” Yadav said.

GB

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