Plans to grow by 200% y-o-y over the next five years
Manufacturer and supplier of commercial networking products IP-COM is looking at garnering a 10-15% market share within the next three years and is also contemplating setting up a state-of-the art manufacturing facility in India within the next five years to expand its footprints in the SAARC region.
Pinaki Chatterjee, Director (Sales India and SAARC), IP-COM Networks, added, “IP-COM is strong at the core as we own 3 R&D units, with more than 1000 highly qualified engineers. We look at garnering a 10-15% market share within the next three years. We are also contemplating setting up a state-of-the art manufacturing facility in India within the next five years that will help us expand our footprints in the SAARC region. In India we have planned investment amounting to Rs. 50 to 100 Cr for setting up manufacturing unit as we move forward.”
Speaking on the occasion Bruce Zhou, Global Sales Director IP-COM Networks said, “We intend to expand by using channel partners and have evolved a long term plan for the India region which has immense potential. Our growth plan is based on an aggressive model and we intend to grow globally by more than 200% YOY over the next 5 years and have also planned our investments accordingly to attain this goal. The Indian Government has been bullish on different aspects such as Digital India, Make in India, and Smart City concepts that will make it truly an IT empowered destination within the next five years.”
Since its inception in 2007, IP-COM has been providing Commercial Wireless Coverage Solution and Products honed by practical project experience across industry verticals in various parts of the world.