The company is re-entering the Indian market, focusing on consumer electronics and energy solutions, with a target of Rs 500 crore in revenue by FY27. With a presence in more than 110 countries worldwide, DAEWOO is dedicated to enhancing consumer experiences with its range of consumer durable products: 1) Smart TVs: SMART ANDROID LED TV Range, webOS HUB, SMART LED TV Range. 2) Ultimate Interactive Flat Panel (IFP). 3) DAEWOO lite Touch Interactive Display and 4) Residential and Commercial Alkaline Water Machines.
Speaking to The Statesman exclusively, H S Bhatia, Managing Director of DAEWOO India, delves at length on wide-ranging issues like the Korean company's India re-entry plan, strategies, investment plans, tie-up plans, to mention a few.
Excerpts:
Q: Why did Daewoo decide to re-enter India? What potential do you see in the Indian market in terms of market size and growth?
A: DAEWOO decided to re-enter India due to the country's rapid economic growth and increasing consumer demand, positioning it as one of the fastest-growing consumer markets globally. India presents a significant opportunity for DAEWOO to re-establish its brand and tap into a burgeoning market. The potential in India is substantial, with a growing middle class and increasing disposable income driving demand for advanced and affordable consumer products.
Q: What is your India strategy this time around?
This story is from the November 14, 2024 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 14, 2024 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
DADIMA TALES
When I was a primary school student, 'Dalmia' brand of glucose biscuits were very popular. They were consumed with tea in middle-class households like ours.
H-1B visas
SIR, I refer to \"H1-B Dilemma\" (January 1). Donald Trump's endorsement of the H1-B visa program amid the debate between Elon Musk and Steve Bannon reflects a calculated yet controversial stance on immigration policy.
Toxic Legacy
Four decades after the catastrophic gas leak that devastated Bhopal, the recent removal of toxic waste from the Union Carbide plant marks a small yet significant step in addressing the lingering fallout of one of the world's worst industrial disasters.
Dense fog paralyses Delhi-NCR, most of North India
North India came to a standstill on Saturday, as intense cold waves and dense fog blanketed the region, causing widespread disruptions.
Nationalistic identity and pride
(An excerpt from 'India's New Right: Powering The Current Wave of Nationalism and Civilisational Revival')
Operation Iron Tempest and the treachery around narcotics
(An excerpt from 'The Nukes, the Jihad, the Hawalas and Crystal Meth')
Paribesh Bandhab Haat: Celebration of tradition and sustainability
Upon entering the Paribesh Bandhab Haat, one is immediately carried away to a different realm of vibrant hues, cheerful faces and a serene atmosphere nestled in the lap of nature.
Two more arrested in Malda TMC leader's murder case
Two more suspects have been arrested in connection with the murder of popular Trinamul Congress leader Babla Sarkar.
Bus from Kolkata topples near Mukutmanipur, 15 injured
A bus carrying picnic revellers from Kolkata toppled near Mukutmanipur, a tourist destination in Bankura this morning, leaving at least 15 injured.
South Bengal Sports Carnival
Soccer star Bhichung Bhutia will lead a marathon with the participants to give a boost to the games
