Japanese consumer electronics giant Sony would not re-start its manufacturing activity in India and will continue to import its products from Thailand, Japan, China, Malaysia and Taiwan, a company official said today in a report.
According to a press report, senior general manager (sales) Sunil Nayyar told reporters in Kolkata said at present, Sony India has no plan to set up a manufacturing base in the country as the economics do not work out.
He reportedly said it is cheaper for Sony to import products from other countries rather than manufacturing them in India. The other issue is the quality of sourced components available in India which are yet to meet the standards required by Sony, he said.
Despite not having a production base in India, Nayyar said the company is providing job opportunities to more than 3,000 people in marketing, sales and allied fields.
The report said launching the new Bravia EX series of flat panel TVs in Kolkata, Nayyar said the company is eyeing to garner 30 percent of the market in this category by the end of the current fiscal. At present, it is 27 percent.