Lenovo committed to investing in India

Announcing its new logo and tag line, Chinese technology major Lenovo on Wednesday said it was committed to India in terms of investment in areas of manufacturing and research and development.

"In three years, we have reached a revenue of $2.5 billion in India compared to a target of $800 million when we came to this country which is fast evolving in the area of technology," said Lenovo chairman and chief executive Yang Yuanqing.

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"I have committed to Prime Minister Narendra Modi about Lenovo's involvement in Digital India and Make-in-India campaign," he said. "We are looking to be the top four of 50 companies operating in India. Currently we are third in terms of rank in the smartphones category," he added.

Source IANS