LG eyes over $2 bn revenue in India in 2007

LG eyes over $2 bn revenue in India in 2007

Tuesday, 17 July 2007, 07:00 Hrs
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New Delhi: LG Electronics India Pvt Ltd is targeting a turnover of 95 billion (over $2 billion) in 2007, a senior company official said here Tuesday.

"This year we are targeting a revenue of about 9,500 crore (95 billion) against last year's 8,500 crore (85 billion)," Moon B. Shin, managing director of the firm, told reporters.

The company, which launched a series of notebook PCs, desktops and an LCD monitor here, also plans to double its sale of notebooks and laptops to 30,000 units by the year end.

"Last year we sold almost 15,000 notebooks but this year we are planning to sell about 30,000," Shin added.

The company launched two notebooks Tuesday that are in the price range of 69,990-89,990 and a 3D LCD monitor for commercial purposes priced at 649,000.

The South Korean electronics major has set up two manufacturing units in India in Greater Noida and in Ranjangaon near Pune for mobile phones, colour televisions, microwave ovens, refrigerators and optical disc drives.
Source: IANS
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