LG to plans to raise investments in 2012

20 December 2011: Korean consumer durables firm LG plans to increase its investment in India in 2012 by 20 per cent compared to this year to around Rs 1,800 crore to enhance its manufacturing capacities and marketing activities.

The company will continue to bring more innovative products, intensify focus on premium range and has lined up marketing initiatives for 3D flat panel TVs. This year the company has invested a total of Rs 1,500 crore, of which Rs 800 crore was on upgrading manufacturing facilities while the balance went on various marketing exercises. At present, LG has two manufacturing plants in India.

Source: Economic Times