Sony to hire 500 people in India

"The situation in India is different from the other global markets, where Sony is witnessing pressure. We are having strong growth and healthy profits," Sony India Managing Director Masaru Tamagawa told reporters here.

Stating that Sony India expects to continue good growth, he said the company plans to ramp up its manpower strength in the near future.

"Considering both permanent and contract workers, we are at present employing a total of 3,300 people in India. This number will go up to 3,800 by March, 2013," Tamagawa said.

This is contrary to the parent, Sony Corporation reported to have decided to cut 10,000 jobs, probably by the end of this year to reduce loss.

In February this year, the Japanese electronics goods major had forecast a consolidated net loss of 220 billion yen for the financial year ending March 31, 2012.

"Currently the Indian market is contributing 5 per cent of the global revenue and it may rise up to 6 per cent in the next one year. Sony India had a revenue of Rs 5,400 crore in 2010-11," Tamagawa said, adding the company will announce the results for FY'12 in the next few weeks.

He said the Indian operations is the fifth largest for Sony globally after Japan, the US, China and Brazil.

"We are closer to Brazil than the other three markets, which are very

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