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.