Carrier Global Targets $1 Billion Revenue in India by 2030
Carrier eyes $1 billion India revenue by decade-end: David L Gitlin
Business Standard
Image: Business Standard
Carrier Global, a US-based company, aims to achieve $1 billion in revenue from India by 2030, driven by significant growth in the region. The company is investing $100 million in a new facility in Sri City, Andhra Pradesh, set to commence operations by the end of 2024.
- 01Carrier Global identifies India as a hyper-growth market.
- 02The company plans to reach $1 billion in revenue from India by 2030.
- 03A $100 million investment is being made in Sri City, Andhra Pradesh.
- 04Operations at the new facility are expected to start by the end of 2024.
- 05Carrier has experienced the highest growth rates in India over the past four years.
Advertisement
In-Article Ad
Carrier Global, a US-based multinational corporation, has recognized India as a hyper-growth market, reporting the highest growth rates in the region over the past four years. The company is setting ambitious goals, aiming to generate $1 billion in revenue from India by the end of the decade. To support this growth, Carrier is investing $100 million in a new facility located in Sri City, Andhra Pradesh. This facility is expected to begin operations by the end of 2024, further enhancing Carrier's presence in the Indian market. The plans were discussed in an exclusive virtual interview with David L Gitlin, chairman and CEO of Carrier Global.
Advertisement
In-Article Ad
The establishment of Carrier's facility in Sri City is expected to create job opportunities and boost the local economy.
Advertisement
In-Article Ad
Reader Poll
Do you think foreign investments will significantly boost India's economy?
Connecting to poll...
More about Carrier Global
Read the original article
Visit the source for the complete story.