VITEK to expand into 20 cities in India

VITEK, a leading international home appliances brand, is looking to expand its business in 20 major cities of the country in coming days.
The company will be spending approximately USD 10 million over the next 3 years in strengthening its marketing and distribution cahnnels, Pramod Khosla, Director of Mumbai-based SPG India Pvt Ltd, which owns the brand, told reporters here.
He said the company's turnover is expected to reach Rs 300 crore in three years with 10 per cent market share in the premium segment.