Samsung India eyes 30% revenue growth

New Delhi, Apr 1 (UNI) South Korea-based Samsung Electronics' Indian arm today said the company expects its revenue to grow by 30 per cent this year from its earning of 1.3 billion dollars during the last year.

''The growth will be driven by new models,'' Deputy Managing Director Ravinder Zutshi told reporters here on the sidelines of a conference here.

He added that with the proposed increase in salaries of the government employees in the country, there would be a boost demand for consumer durables and appliances.

India's slowing economic growth and accelerating inflation are unlikely to dent demand for the company's products, he said.

Talking about the rising costs, ''we don't see them as a concern.

There is not much slowdown in frost-free refrigerators, automatic washing machines or televisions,'' Mr Zutshi said.

The firm will invest 10 million dollars to expand consumer electronics assembly lines and products in India in 2008. Another two million dollars will be spent on research and development locally, Mr Zutshi added.

UNI MP SR HT1725