With regard to the news report published in The DQ Week, issue dated April
6-12, “Is Jupiter Exiting IT Domain?” I would like to say that Jupiter has no
plans to exit the IT distribution business. In fact the company has ambitious
plans to make significant investment in manufacturing of IT peripherals in
The company is making a tactical shift from being totally dependent on
imports to setting up manufacturing facilities in India. We are doing this in
order to control quality and achieve competitive edge in the market. Macro
economic changes in Taiwan and China have necessitated this and in order to fuel
the growth and achieve a quantum leap in business, we have decided to setup
manu-facturing facilities in Baddi, near Chandigarh.
The necessary approvals from the state and central government has been
received and the factory construction has been completed and we are targeting to
com-mence production by Jan 2010. The company plans to invest Rs 45 crore in
manufacturing activities within the next two years of which Rs 30 crore will be
invested by the end of 2009 itself.
I believe that in order to serve the maturing market in Indian it is now
important to be close to the customers and be able to respond quickly to their
changing needs and preferences and this is only possible if you have a state of
art manufac-turing facility in India. I have a personal passion for IT
distribution and I will only increase our commitment to this business. There is
no question of exiting from this business. Our plans, investments and sales
performances validate this and speak for themselves.
MD, Jupiter International
Some inputs on the lines of the above statement from Mr Alok Garodia were
considered and included while doing the story. However, there were strong
reasons because of which The DQ Week still carried the story. First, channel
partners across various cities were saying that Jupiter is losing interest in IT
business and their focus now was the sunrise solar power sector. Secondly,
Jupiter was not willing to share its market performance figures in IT business
to support their claim that IT was a focus for them.