LG expects Rs 860-870 cr business from IT products

KOLKATA, INDIA: LG Electronics India is expecting to do a business of Rs. 860 crore to Rs.870 crore in IT product segment during 2011, a top company executive said on Friday.

"Armed with a new product line, the company is expecting to do a business of Rs.860 crore to Rs.870 crore during 2011, up from Rs.766 crore registered in 2010," said LG (IT product group) head Sanjoy Bhattacharya here.

"We are gradually strengthening our IT product portfolio with new LED monitors with 3D technology, world's slimmest and IPS monitors," he said.

IT segment contributes six to seven per cent of LG's total turnover in India.

"In the current year, we do not hope for much revenue from 3D LED products. But in 2013, this will grow to 20 per cent of the total IT segment's revenue," Bhattacharya added.