Lava generates half its current revenue from sales outside India and expects more than 50% of its revenue to come from international markets starting next year. Handset maker Lava International Ltd has formed a venture with an Egyptian firm to enter the African market, chairman and managing director Hari Om Rai said on Thursday. Egypt is the second largest mobile market in Africa, with sales of about 1.5 million handsets a month, the company said. Lava generates half its current revenue from sales outside India and expects more than 50% of its revenue to come from international markets starting next year, Rai said. The company sells its phones in several international markets, including Thailand, Bangladesh, Indonesia, Mexico and Pakistan.

Source: Mint September 01, 2016 19:30 UTC