By IANS
New Delhi : Britain-based Voxtel Telecom Pvt Ltd, a leading digital communication products maker, Wednesday said it would be investing $5 million in India by the end of next year.
“Voxtel plans to spend $5 million in its brand building and expansion of its network to appoint 75 distributors and 7,000 dealers by the end of 2008,” Sat Murthi, international sales director, Voxtel Telecom, told a press conference here.
Murthi also said the company is aggressively tying up with major retail giants and telecom operators across the country to enhance its marketing operations.
“The company is targeting a sales revenue of over $100 million by end 2008 through its wide range of telecom and personal navigation products. With enhanced market reach and penetration, sales would double by end 2010,” Murthi added.
Voxtel Telecom, part of $500-million telecom major Binatone Electronics International Ltd, launched its high-performance, GPS-based personal navigation devices and Internet phones Wednesday.
“We are looking at India as a strategic hub to funnel our growth plans in the Asia Pacific and Middle East regions,” said Dino Lalvani, CEO, Voxtel Telecom.
The company is also planning its research and development centre in Bangalore to cater to the global software and research market.