DUTCH electronics giant Philips has organised its operations into specific business groups after merging its different subsidiaries in India, The heads of operations of the separate business groups excluding the semi-conductors division have been retained in the same position, but will now be part of a single company. In addition, a 10-member country management team has been formed.
Meanwhile, the global board of management of Royal Dutch Philips is once again slated to visit India in November this year for business stock taking in the country. The global board members made their first visit in 03. Philips grew by 22% last year and is expected to clock 18% top line growth in the current year.