Saturday, October 1 2005 15:49 Hrs (IST) - World Time -

Beijing: Chinese computer giant Lenovo Group, which acquired IBM's PC business, will set up a headquarters in India to replicate its success in other emerging markets, the company's Chairman said.

Lenovo would start the second stage of the consolidation process from October 15, eight months ahead of schedule, said Yang Yuanqing, the Chairman of Lenovo, the world's third largest computer maker.

The Chinese firm acquired IBM's personal computer business in December, including the Think brands of notebooks and desktop computers.

Lenovo plans to restructure its regional organisation and set up five regional headquarters. Lenovo with existing bases in the US, Europe, the Middle East, Africa, and the Asia Pacific region will set up a China regional unit, a result of the consolidation of Lenovo China and Lenovo International.

Lenovo will also set up a headquarters in India, highlighting the importance of emerging markets like India, Russia and Brazil, 'China Daily' quoted Yang as saying.

Yang said he had just visited India and Dubai and is confident the emerging markets will become growth engines for Lenovo with transfer of its success in China to similar developing markets.