Lenovo is targeting a doubling of its India business over the next three years, driven by strong momentum in its Motorola smartphone segment and high double-digit growth across its infrastructure and services businesses, according to Amar Babu, Lenovo Asia Pacific President.
India will play a central role in the company’s global growth strategy, anchored by rising domestic consumption and the “India for the world” innovation approach. He noted that Lenovo India is among the company’s fastest-growing markets globally, recording growth of over 20 per cent.
“Lenovo in India is a growth story. And the opportunity exists to sustain that growth story across all our businesses. Our Motorola business has done exceedingly well. We've more than doubled our revenues in the last two years. Our infrastructure business is growing in high double digits,” Babu told PTI in an interview.
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“And if we are able to achieve that, of course, with the right level of innovation, infrastructure and contribution to the local economy, while continuing to invest in our back-end capability and continue to build this narrative: of India, for India, and India for the world... I see India as a growth business, as a growth market for Lenovo worldwide,” Babu added.
He also highlighted that Lenovo designs its mainstream servers in India, while a significant portion of Motorola smartphone software is developed locally. On hiring, he said the company would continue to add talent and infrastructure in line with growth requirements.
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