The Indian arm of Sharp, the Japanese consumer electronics giant, on Monday said it was looking forward to opportunities in mobile handset market and solar power business — new areas of high growth in India.
“Our new solar power and mobile handset businesses will help us grow several folds in the years to come,” Sharp Business Systems (I) Ltd Managing Director Sunil K. Sinha said here.
He said the company was aiming at Rs.1,200-crore business by the end of the financial year 2012. The company registered a top line of Rs.400 crore in 2009-10 and hopes to increase the figure by Rs.100 crore more in the current fiscal.
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The company on Monday unveiled four mobile handsets priced between Rs.6,500 and Rs.18,000 and expected to garner a market share of three per cent in a year.
“We will focus on handsets costing between Rs.5,000 and Rs.10,000 with new models coming up in the next few months,” Mr. Sinha said, adding that the solar power business would be a major venture by the company to achieve the high targets.
Mr. Sinha said Sharp was looking at megawatt-level solar power projects with thin film modules imported from the company's plant in Japan. “The photovoltaic modules are key components of the solar power plants,” he said.
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Sharp was looking at the upcoming projects, including 150-MW solar power projects under the government's Solar Mission. Another 350-MW solar project was lined up for Gujarat, Mr. Sinha said.
Sharp India would also begin manufacturing LCD panels in its Pune factory switching from CRTs in a month's time, the Managing Director said.