STL eyes 20% biz growth in key markets in FY23
Digital networks integrator Sterlite Technologies (STL) expects about 20 per cent growth in business across key markets of the US, Europe and India in FY23 amid global scale-up of networks and 5G build outs, its managing director Ankit Agarwal has said.
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New Delhi: Digital networks integrator Sterlite Technologies (STL) expects about 20 per cent growth in business across key markets of the US, Europe and India in FY23 amid global scale-up of networks and 5G build outs, its managing director Ankit Agarwal has said.
With a notable drop in Covid-19 cases and easing of curbs, the company is encouraging employees to 'return to office' and has seen positive responses across offices in both India and globally.
Its factories are running at 100 per cent capacity with all precautions in place, Agarwal said, adding that physical attendance at offices - currently on rotation basis - too will accelerate fully in the coming weeks with adequate safeguards.
The company, which has done a string of acquisitions in the past, continues to be on lookout for small buy outs for niche capabilities and technology "because the market itself is growing and expanding", Agarwal said.
On the business side, the company is seeing a positive momentum as markets like the US, Europe and India create mega networks of future, and build 5G infrastructure.
