Sharp Corporation of Japan, on Wednesday, announced signing a distribution agreement with Eltech Appliances Pvt Ltd (EAPL) to launch its air-conditioners in India.
Speaking of the agreement, M Ejazuddin- MD, EAPL said “Current AC market in India is 6 million units, which is set to double in 5 years’ time. With BEE raising energy efficiency standards again in 2020, the market may move more towards Inverters. Sharp is one of the first and top brands in Inverter technology, is expected to play an important role in the market.
Nakashima-vice president, global health & environment systems, SHARP said: “We, SHARP, are pleased with this announcement and are willing to expand Air Conditioner business in Indian market which has been growing fast.”―Times Of India