Sol, March 4 (IANS). LG Group Chairman Kuang-Mo visited India under a comprehensive strategies of the company to find new development opportunities. The company gave this information on Tuesday.
According to LG Group, during its four -day stay in India, Ku met employees and business leaders to validate the company’s competitiveness in the value chain from research and development (R&D) to manufacturing and distribution.
According to a report by the Yonhap news agency, Koo stressed the importance of the Indian market in LG’s long -term approach to LG Electronics Inc.’s production facilities in New Delhi and LG’s largest foreign software research center in Bengaluru, LG’s largest foreign software research center, LG Soft India.
He recognized India as a prominent player in advancing the company’s “second jump” in the rapidly changing era and strengthening his appearance.
India, with a population of 1.4 billion, presents huge possibilities for consumer-centric companies, who are getting intense competition from global industry leaders.
Ku said, “India is not only a major market for LG, but also the land of immense opportunities for global companies. Taking advantage of our deep understanding and strong market status about customers, we will try to cooperate with the people of India to become the most reliable brand in the country and pursue our development for the next era.”
The LG Group first entered the Indian market with the establishment of LG Soft India in 1996, which expanded from LG Cam Limited (1996), LG Electronics (1997) and LG Energy Solution Limited (2023).
In particular, LG Electronics has expanded its appearance through advanced technology and localization strategies, its household appliances such as air conditioners and washing machines are gaining popularity.
It operates two production facilities in the country and is considering a new feature to meet the growing market demand.
Additionally, LG Electronics is demanding an IPO in the Indian financial market. After finishing its program in India, Ku went to Dubai in the United Arab Emirates (UAE), an important strategic center for LG’s Middle East and Africa operations.
There, he reviewed the company’s commercial performance in the region and discussed its long -term strategic direction.
-IANS
SKT/CBT