Karbonn to invest Rs 400 cr on R&D in FY2014

Smartphones account for 40% Karbonn’s revenues and which is expected to grow to 65%, and to achieve it, Karbonn plans to spend Rs 300 crore on marketing and sales and about Rs 400 crore on R&D. Karbonn aims to clock a revenue of Rs 8,000 crore in 2014-15, growing close to 80%. Link

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