Japan's Lixil Corporation aims Rs 1,000 cr sales from India in next 3 years

Japan-based building materials and housing equipment maker Lixil Corporation is aiming Rs 1,000 crore worth sales in India in the next three years, a company official said on Saturday.

Lixil operates in India through its brands Grohe and American Standard.

For Lixil, India is one of the fastest growing markets in the India-Pacific region following Japan, the US and China and it would continue to invest here for expansion, said Lixil Water Technology - India & Subcontinent Leader Bobby Joseph.

"A lot of investment is coming, what we believe is for next 5 years and 10 years, ahead of time. It (India) is among the top four markets, where Lixil is investing," Joseph told PTI.

India has the potential to be one of the largest markets, he added.

Lixil is working on a long-term strategy for the Indian market, where it operates with brands Grohe in the luxury and premium bathroom fitting segment and American Standard in the comparatively smaller side, Joseph added.

For financial year ende