Memory product major Kingston to set up India unit
Global memory product manufacturer Kingston Technology plans to set up a manufacturing unit in India to cater to the increasing demand for memory products, a top company official said.business Updated: Jun 15, 2010 19:43 IST
Global memory product manufacturer Kingston Technology plans to set up a manufacturing unit in India to cater to the increasing demand for memory products, a top company official said.
"We are planning to set up our manufacturing unit here as the demand for memory products is increasing immensely. Within the next 2-3 years, we will be in a position to set up the unit," Kingston's Marketing Manager, APAC Business Division, Vishal Parekh, told PTI in Mumbai.
The company is also focusing new areas like the gaming market and server market to expand its reach, Parekh said. In 2009, total revenue for the company stood at $4.1 billion, of which India contributed almost 9 per cent.
The company is also looking at doubling its investment in India and to expand its retail network in tier II and III cities in Northern and Eastern India, he said.
This year, Kingston expects 10-15 per cent growth in India, he said.
"We are also positioned as the leading independent memory module manufacturer with an expected growth of 10-15 per cent in India. Our modest growth attributed to a rise in the average selling price, healthier demand from corporate-end customers and individuals," Parekh added.
Founded in 1987 with a single product offering, Kingston now offers more than 2,000 memory products that support devices such as computers, servers, printers, MP3 players, digital cameras, and mobile phones among others.
With its global headquarters in Fountain Valley, California, Kingston employs over 4,000 people worldwide.