Business · Companies · 3 hrs ago

Marubeni aims to grow its India business tenfold in 10 years

Marubeni aims to grow its India business tenfold in 10 years

Marubeni wants to expand its India business tenfold in 10 years, according to its president and CEO, Masayuki Omoto.

The company is a Japanese trading house, and Omoto spoke about its plans in New Delhi.

He sees India as the next North America for Marubeni, pointing to the country’s growth potential.

The company aims to build on a model it has used successfully in the United States.

Its goal is to capture rising consumer and industrial demand in India.

That scale of growth would make the country a much larger part of Marubeni’s business.

The company’s stated next step is to pursue that ten-year expansion, though no specific measures or milestones were given.

1 source

Related

What people are saying

Masayuki OmotoMarubeni president and CEO
10 times its current size in 10 years
via Nikkei Asia