Sharp Business Systems targets Rs 300 cr turnover by 2010

New Delhi, Sept 11 (UNI) Japan-based solar cell manufacturer Sharp which has forayed into solar cells market in India through its wholly-owned subsidiary Sharp Business Systems eyes a turnover of Rs 300 crore by 2010-end.

''We are looking to generate close to Rs 120 crore from solar cells business by 2010 which would be a significant part of the Rs 300 crore turnover,'' Sharp Business Systems India Managing Director Sunil Sinha told reporters here today.

At present, the company is involved in document solutions products such as fax machines, multi-functional devices, LCD displays. The domestic market for these products is pegged at about Rs 500 crore which is expected to grow to Rs 600 crore in three years, he said.

Sharp, 27.4-billion-dollar firm, also operates a software development arm in India apart from a public-listed firm which is into consumer electronics.

UNI