Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 12 2018

LG Electronics India to expand B2B LED panels production

LG Electronics India will expand the production of business-to-business LED panels which are used in video walls at its Pune plant.

LG Electronics India, India's largest white goods maker, will expand the production of business-to-business LED panels which are used in video walls at its Pune plant.

Ravinder Zutshi, LG India's senior Director (B2B; SAC & institutional business), said, "The company at present locally manufactures just 25% of its video wall portfolio which it sells in India and by 2019 it will scale it up to almost 80% of the portfolio, including the OLED models. The investment will be in line with government’s make in India policy."

The company is claiming that it has around 50% share in the Rs 2,000 crore digital signage market.

Hemendu Sinha, Business Head of B2B at LG Electronics India, said, "The digital display business is the fastest growing across businesses at LG India and accounts for around 5% of total turnover. This is growing at 45-50%."

"There is a trend now of businesses installing larger size walls. The main customers include corporate, government, fashion, hospitality, command and control centres, retail and transportation. There is a growing demand for video walls in India and especially the larger screen as in globally," Sinha added.

Comment
Related opportunities
  • Bars, Pubs & Lounge
    About Us: Local Gastro Bar is one of the new entrants..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater PUNE Maharashtra
  • Ethnic Stores
    About Us: Zingbi Lifestyle Pvt. Ltd operates within the dynamic fashion..
    Locations looking for expansion Tamil nadu
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • E-Commerce & Related
    About Us   Company Name: Ankit Enterprises Brand Name: meSleep Ventured into their..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Multi Cuisine Restaurant
    About: India Kitchen is one of the most popular and immensely..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities