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March 22, 2011, 10:42 PM EDT
By Malavika Sharma
(Updates with CEO’s comment on adding employees in second paragraph.)
March 22 (Bloomberg) -- Dell Inc. Chief Executive Officer Michael Dell said he aims to boost sales in India to $2 billion as the third-largest personal-computer maker plans to increase investment in Asia’s third-biggest economy.
“If I look out to 2020, 2030, India is on a clear path to become the third largest economy in the world and our investment will scale very nicely in support of that,” Dell told reporters in New Delhi today. “We have about 23,000 people here. We’ll probably grow that by a few thousand, certainly, over the next year or so.” Dell didn’t give a timeframe for the sales target.
Dell last month reported sales in the South Asian nation jumped 37 percent in the three months ended Jan. 28, outpacing the 21 percent growth in the PC maker’s larger Chinese business. Operations in India, where the company has a factory in the southern state of Tamil Nadu, will play a crucial role in future, the chief executive said.
“India for us is a critical part of our infrastructure globally with research and development, and IT services and sales and support, manufacturing, analytics,” Dell said. China and India will contribute an increased proportion of the company’s sales, the 46-year-old founder said in November.
Sales in Brazil, Russia, India and China combined also grew 21 percent in the fourth quarter, the Round Rock, Texas-based company reported last month. The so-called BRIC countries accounted for 13 percent of revenue, or more than $2 billion.
Dell had 14.2 percent of the overall Indian PC market in the three months ended December, giving it the second position, research company IDC said in a statement on its website last month. Hewlett-Packard Co., the largest personal-computer supplier, held the top spot in the South Asian nation last quarter with a 17.3 percent share, and Taiwan’s Acer Inc. was third with 11.5 percent, according to IDC.
--Editors: Suresh Seshadri, Sam Nagarajan.
To contact the reporter on this story: Malavika Sharma in New Delhi at msharma52@bloomberg.net
To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net
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(Updates with CEO’s comment on adding employees in second paragraph.)
March 22 (Bloomberg) -- Dell Inc. Chief Executive Officer Michael Dell said he aims to boost sales in India to $2 billion as the third-largest personal-computer maker plans to increase investment in Asia’s third-biggest economy.
“If I look out to 2020, 2030, India is on a clear path to become the third largest economy in the world and our investment will scale very nicely in support of that,” Dell told reporters in New Delhi today. “We have about 23,000 people here. We’ll probably grow that by a few thousand, certainly, over the next year or so.” Dell didn’t give a timeframe for the sales target.
Dell last month reported sales in the South Asian nation jumped 37 percent in the three months ended Jan. 28, outpacing the 21 percent growth in the PC maker’s larger Chinese business. Operations in India, where the company has a factory in the southern state of Tamil Nadu, will play a crucial role in future, the chief executive said.
“India for us is a critical part of our infrastructure globally with research and development, and IT services and sales and support, manufacturing, analytics,” Dell said. China and India will contribute an increased proportion of the company’s sales, the 46-year-old founder said in November.
Sales in Brazil, Russia, India and China combined also grew 21 percent in the fourth quarter, the Round Rock, Texas-based company reported last month. The so-called BRIC countries accounted for 13 percent of revenue, or more than $2 billion.
Dell had 14.2 percent of the overall Indian PC market in the three months ended December, giving it the second position, research company IDC said in a statement on its website last month. Hewlett-Packard Co., the largest personal-computer supplier, held the top spot in the South Asian nation last quarter with a 17.3 percent share, and Taiwan’s Acer Inc. was third with 11.5 percent, according to IDC.
--Editors: Suresh Seshadri, Sam Nagarajan.
To contact the reporter on this story: Malavika Sharma in New Delhi at msharma52@bloomberg.net
To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net
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