LG to Boost Investment in India
February 22, 2008
South Korean consumer electronics supplier LG recently announced that it plans to add an investment of 3.8 billion Rupees (US$95.1 million; US$1=40.0 Rupee) overall in its India operations. Some of the amount will go to plant construction, and some will go to marketing and creating brand image, the Hindu News reported. The investment is expected to focus mainly on the production of high-end products, including LCD (Liquid Crystal Display) and PDP (Plasma Display Panel) panels, along with various home appliances, according to the same report.