'Last year we sold 18 million phones in India, this year we should do 23-24 million, and next year our target is to hit 40 million.'
The move is aimed at enhancing its focus on expanding operations in international markets beyond India and South Asia and to further consolidate its leadership position in India, the company said.
The Tatas-controlled Videsh Sanchar Nigam Ltd on Monday announced that it has set up international headquarters in Singapore as part of plans to expand business beyond India.
SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.