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Sanyo President meets PM Manmohan Singh

Written by: Staff

Mumbai, Mar 28 (UNI) Sanyo Electric Co Ltd, one of the world's largest manufacturers of consumer electronics and commercial equipment, relaunching its consumer products in the Indian market last year, announced its interest in introducing other business that include commercial and industrial equipment in India today.

This annoucement comes after a meeting yesterday between Prime Minister Dr Manmohan Singh, Sanyo President Mr Toshimasa Lue and BPL Ltd Chairman and Managing Director Mr Ajit G.Nambiar.

Mr Toshimasa lue has selected India as his very first overseas destintion, since he took over the reigns of company last year thus signifying the important role India plays in the company's growth plans.

MR.Lue told mediapersons here today, ''I have been closely watching the immense growth opportunities India offers. We have big plans for India and after building a firm foundation using our initial investment, we hope to make it a pillar of our growth in the future.'' Meanwhile, CMD of BPL Ltd and Chairman&CEO of Sanyo BPL Ajit Nambiar, also said, ''The Indian consumer is more demanding and knowledgeable today than ever before and is seeking technologically superior and competitively priced products with trust on the brand and marketing and service network. The Sanyo and BPL brands, which enoy a positive resonance in the Indian marketplace, will provide such a platform.

Sanyo BPL Chief Operating Officer (COO) Mr Keiji Oshima said, ''The response to the launch of our consumer products has provided us the impetus to launch our industrial and commercial products. We aim to make Sanyo the first company to establish a successful cold chain in India, which will ensure fresh produce to the consumer and revolutionize people's lifestyles here.'' UNI AR KU NV1511

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