Industrial supplies manufacturer Honeywell is targeting revenues of USD 1 billion from India by 2010.
Currently, their four businesses in India - automation and control solutions, aerospace, specialty materials and transportation systems - make up USD 600-700 million of its global revenues, which stand at USD 32 billion.
Honeywell says that India and China will be among its fastest growing markets in the next five years. In India, however the growth will come mostly from automation solutions, especially the security systems.
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