LG all set to revamp product line in India

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mrinal ali hazarika

29 July, 2010

South Korea based electronic giant LG is working on massive revamping of its technology to launch a cutting edge line of products by the next year in India.

SOUTH KOREA based electronic giant LG is working on massive revamping technology to launch a cutting edge line of products by the next year in India. This new line of products will emphasis on reducing the power consumption by 20-30% and bring smart gadgets like internet-enabled TV.

Research and development work are in progress to roll out a health conscious refrigerator to burn calories and even a TV set that will help its owner to keep a check on weight gain. At the same time the company is working on an ambitious plan of reducing the manufacturing these gadgets at a 10% reduced cost.

LG India is hopeful that this new move will help it to tap the potentialities of growing Indian market and revive its image as a world class brand. The necessary research and development task for this task is under way in the LG R&D Division of India, which is transforming into a major global hub. The LG Headquarter in Korea has already allocated the necessary funding to upgrade its R&D facility in India.

Currently there are 3000 engineers working in the R&D division of India and they are planning to recruit 2000 more engineers to accomplish the task within the scheduled period. Moreover the company is going to set up a 3^rd manufacturing plant in Chennai, with an investment of whopping 1,500 crore.

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