Mitsubishi Electric establishes sales firm in India

Mitsubishi Electric Corp. has established Mitsubishi Electric India Pvt. Ltd to coordinate sales and accelerate its business expansion in the Indian market. The new company will incorporate the Gurgaon and Bangalore branches held by Mitsubishi Electric Asia Pte. Ltd headquartered in Singapore, and will begin operation on November 30, 2010, initially engaging mainly in sales, marketing and after-service of air conditioning systems, factory automation systems and power device businesses. High market growth is expected in India, which is driven by its population of 1.2 billion people, and some foresee the nation becoming the world's fourth largest economy (GDP) by 2025, following the United States, China and Japan. In addition to demand for transportation, energy and other infrastructure, India's consumer market is also rapidly expanding in step with a growing middle class. Mitsubishi Electric is positioning India as one its priority markets, as it aims to expand its businesses in emerging countries with high growth prospects.Adidas POD Boost