LG forays into biz-to-biz tech space in India | business | Hindustan Times
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LG forays into biz-to-biz tech space in India

South Korean technology major LG Electronics India on Tuesday announced a foray into the business-to-business technology products space targeted at malls, hotels, banks and financial institutions.

business Updated: Jun 07, 2011 22:23 IST
HT Correspondent

South Korean technology major LG Electronics India on Tuesday announced a foray into the business-to-business technology products space targeted at malls, hotels, banks and financial institutions.

Proliferation of commercial establishments has fuelled the demand for business solutions products such as projectors, security solutions, room infotainments and LED, video wall and video conferencing system. The total business solutions market is estimated at around Rs 2,500 crore and is growing annually at around 25%.

The company is targeting a revenue of Rs 1,000 crore from this category by 2014 and expects to grab 25% marketshare.