One more manufacturing plant in India – LG

One more manufacturing plant in India – LG


Apr 20, 2016
LG is the company that has been producing quality smartphones but not found the necessary name for itself. With the Make in India initiative bringing in more companies to produce their goods in India, this time the South Korean electronics giant, LG, has made its official statement on Thursday that it is looking forward to manufacturing 1 million phones in India. This was done along with the launch of two locally made Smartphones LG K7 LTE and LG K10 LTE, by Telecom Minister Ravi Shankar Prasad. LG will be first manufacturing the phones at its Noida facility along with the GDN Enterprises. This manufacturing process is for the two smartphones – the LG K7 LTE and LG K10 LTE which are priced at Rs. 9,500 and Rs. 13,500 respectively. LG is the latest entrant to start manufacturing of phones in the country, after the country got a lot of manufactures following the Make in India initiative. The join the league of several device makers, including Micromax, Lava, Gionee, OnePlus, and Xiaomi who have already started the assembling of their devices in the country. All this comes after India has been declared as one of the fastest growing smartphone markets globally and most device makers are now keen to set up manufacturing units here to cater to the burgeoning demand. While the LG Electronics India Managing Director Kim Ki-Wan said “We want to tap the huge potential for smartphones in the country and the K-series will be the first ones to be manufactured in India,” in New Delhi, he also added that the company is optimistic over the new models to drive its growth in the smartphone segment in India. Prasad said it was an occasion of personal satisfaction for him to see companies setting up base in India for electronics manufacturing.

Frequently Asked Questions?

Blockchain is a decentralized, distributed ledger that records transactions across multiple computers. It ensures transparency, security, and immutability in data storage.
AR overlays digital information onto the real world through devices like smartphones or AR glasses, enhancing the user's perception of the environment.
IoT refers to the network of interconnected devices that communicate and share data. It enables smart homes, wearable tech, and efficient industrial processes.
AI involves creating computer systems capable of performing tasks that typically require human intelligence. It includes machine learning, natural language processing, and computer vision.
VR creates a simulated environment that users can interact with. It typically involves the use of VR headsets to provide an immersive experience.
Cybersecurity is the practice of protecting computer systems, networks, and data from digital attacks. It includes measures like firewalls, antivirus software, and encryption.

Join our subscribers list to get the latest news and special offers.