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Samsung targets Rs 250 cr business

The Samsung India Electronics Limited (SMIEL) has fixed itself a business target of Rs 250 crore in Andhra Pradesh during the current financial year 2005-2006. Company's Deputy Managing Director Ravindra Zutshi said this includes Rs 125 crore from the coastal region. The coastal Andhra region was developing fast and the people preferred to buy modern gadgets.

He said the company had registered 70 per cent growth rate in business in the coastal region, in the last four years. He said the company would soon open a big digital showroom each in Hyderabad, Vijayawada and Vishakapatnam. Samsung has come up with 31 models of refrigerators and 14 models of air-conditioners, he said.