Intex plans to double its sales in Maharashtra

Mumbai, Dec 20 (UNI) Delhi-based IT hardware and electronics company, Intex Techonology Ltd, today said it has plan to double its product sales in Maharashtra by the end of the fiscal year ending March 2008.

The company said that it has targeted a 100pc growth in consumer electronics segment, in the state, at Rs 16 crore for FY08 from Rs 8 crore in the previous fiscal.

Speaking to the mediapersons, company Executive Vice Chairman Ramesh Vaswani said that under its business plan for western region for the current fiscal, the company has targeted a turnover of Rs 115 crore. In this, Rs 45-50 crore will be from Maharashtra, followed by Rs 35-40 crore from Gujarat and Rs 5-10 crore from Chattisgarh, Mr Vaswani asserted.

Further, Intex has chalked out a strategic expansion plan, under which it will increase the numbers of distribution centers across the country, specifically in the tier-II and tier-III cities and will excel its retail operation. ''We had recently entered into business of GSM mobile phone sets under its brand name,'' Mr Vaswani said.

The company is setting up a mother warehouse of over 2500 sq ft at Bhiwandi to facilitate timely deliveries to branches in western region. Apart from this, it has also aquired a 2000 sq ft commercial space in Ahmedabad for setting up a western region office and regional service centre, Vaswani added.

UNI