Tuesday, April 1, 2008

Indian Business going global : Motorola's Mobile Handset business could be taken over by an Indian company (Videocon)

Another Indian company is going after global business unit. Videocon has shown their interest to acquire Motorola's mobile handset business which Motorola wants to hive off as a different entity. Reason for this interest can be gathered from this news snippet

Explaining why he was bidding for Motorola's handset business, Dhoot said his group was ready to launch its pan-Indian GSM mobile operations at an investment of Rs 6,000 crore.

Also, it has a consumer durables retail chain under the brand name "Next" with over 1,000 stores across the country that stock mobile phones too.

"The Indian market for mobile phones is around 120 million units a year and we have our own retail chain stories that we can leverage. Also, we can transfer the manufacturing plant to India to leverage cheap labour in the country," added Dhoot.

Its too early to predict if this will materialize but this again goes on to show the confidence that Indian businesses are showing to become truly global players

RK

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