China's Lenovo says may build R&D centre in India

NEW DELHI (Reuters) - Lenovo Group Ltd (0992.HK), the world's No. 4 computer maker, is evaluating options for setting up a research and development centre in India, company officials said on Thursday.

"We are constantly evaluating opportunities (for a centre)," India managing director Amar Babu told reporters after launching a new range of computers in the fast-growing market.

"When we bump up our business here, may be," Lenovo Senior Vice President Liu Jun added.

The Chinese firm, which in 2005 bought IBM's (IBM.N) loss-making PC arm, has said it would focus overseas investment on emerging markets like India, Brazil, Mexico, the Middle East and Eastern Europe, where computer penetration is low.

(Reporting by C. Jacob Kuncheria, Editing by Mark Williams)