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HAIER PLANS MOBILE HANDSET MANUFACTURING PLANT IN INDIA.

AsiaPulse News

| June 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, June 1 Asia Pulse - Chinese mobile handset maker Haier on Wednesday said it was considering setting up a manufacturing unit in India in the next 18-24 months.

"Our target is to achieve a sales of 5 million handsets in India, in another 18-24 months. If we achieve this target, then we would consider setting up a manufacturing unit here in India," Haier Telecom India Vice-Chairman and Managing Director Arun Khanna told reporters here.

However, at present the plan has not been finalised, he said.

The company had set a turnover target of US$300 million in the first phase and had already executed orders worth US$50 million, Khanna said.

Haier on Wednesday tied up with Tata Teleservices for its launch of CDMA handsets and ...

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