The fellowship will either set up a reborn machinery or expand the capacity of existing plants. "We will ordain Rs.1,000 crore in the next two years in India. We will either set up a green station or unfold the capacity of existing plants in the land to meet growing demands for our products," LG Electronics India Pvt Ltd managing head Soon H. Kwon told reporters here.
The visitor currently has two plants in India-one in Greater Noida and another in Pune. Informing that the guest achieved Rs.16,000 crore proprietorship in the country, Kwon said it expected 25 percent charge proliferation this year over the at the rear year. "Last year our overall topic grew by 20 to 30 percent.
Home appliances element grew by about 27 percent. Air conditioning issue was almost flat," he said. He said currently six percent of the companys out-and-out proceeds worldwide was coming from India and it was expected that the role would make contact with at 10 to 12 percent by 2015.
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