KOLKATA, India (Reuters) - South Korea's LG Electronics Inc. expects its sales in India to enlarge 15 percent in 2008, a cover solemn said on Thursday. It will also allot 4.8 billion rupees in its Indian operations this year to vend and demonstrate untrodden products, Moon Bum Shin, managing big cheese of LG Electronics India, told reporters.
LG Electronics, the paramount branded consumer electronics proprietorship in India, said its sales in India of GSM portable phones, tone televisions, sense conditioners and other household goods were 95 billion rupees ($2.4 billion) in 2007. Based on Shin's projection, sales in 2008 would be about 110 billion rupees. Shin said the ensemble would increasingly pinpoint on the high-end consumer make available to push up its sales this year.
India contributes 6 percent of LG Electronics broad revenues of $42 billion, the actors said in a statement. The Indian piece exports to 40 countries, and Shin said it was targeting an better of exports of to $300 million in 2008, from $230 million in 2007.
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