LG plans more built. Phones.

The business is evaluating entry into renewed segments such as built-in-kitchens, wine cellars and air purifiers. It is also determined to make India its export hub. Talking about its foray into the imaginative segments, V Ramachandran, director, sales and marketing, LG Electronics India, said the and and private limited company was preparing a feasibility report on entering the specified markets. &#34The method is in the conceptualisation stage and we expect the feasibility report to be set in the next three to four months.

If found suitable, we might look at launching the segments in the next two years,&#34 said Ramachandran. The house will also invest about Rs 120 crore in its overall infrastructure facilities this year. Through its two manufacturing units in Noida and Pune, the public limited company is looking at a 25 per cent vault in exports from India by the end of this calendar year. In 2007, the enterprise recorded about Rs 1000 crore from exports to countries in the Middle East, Africa and Europe.

On the back of growing marketability for high-end consumer durables such as televisions, refrigerators, air conditioners and cellular phones, exports are expected to go up to Rs 1500 crore by the end of 2008. Other than few high-end products be fond of phone handsets and high-end LCDs, the assembly has now started manufacturing most of its products in the sticks itself. The company is expected to focus on Gujarat considering the market advance in the state is faster than the overall national growth. The growth across segments in Gujarat is 20 per cent, as against the nationalist growth rate of 15 per cent, Ramachandran said.

He also added that consumers in the body politic were interested in high-end product offerings. From the in the know market share of 8 per cent, LG India is looking to touch 10 per cent in the next two to three years.

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