Samsung targets 42 pct sales rise in surging India

Newswire

BANGALORE, Jan 28 (Reuters) - Samsung Electronics Co Ltd expects a rising market share in mobile phones and robust demand for home appliances to help its Indian sales grow 42 percent in 2004, powered by an expanding middle class. "Last year, we saw a good monsoon and good industrial growth. All the factors fuelled the economy and what we can see today is a very happy consumer who's willing to spend more," Ravinder Zutshi, director at Samsung India Electronics Ltd, told a news conference on ...

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