The Hindu Business Line : LGEIL mulls manufacturing laptops at Ranjangaon plant

MUMBAI: LG Electronics India Ltd (LGEIL) on Thursday said that it was planning to manufacture laptops at its proposed green-field plant at Ranjangaon near Pune.

"We will look at manufacturing laptops at our upcoming facility at Ranjangaon after the anomalies on taxation on computer peripherals are solved," a senior LG official said here.

The manufacturing of laptops is also subject to the condition that the company first attains a sustainable market share in the local market, he said.

The excise duty on computer peripherals is about 16 per cent and reduction in it would bring down the manufacturing costs by 5-10 per cent, he said adding, LG would be the first company to manufacture laptops in the country.

"We hope that tax anomalies would be sorted out in the coming budget and once that is done we will look at laptop manufacturing at Ranjangaon," he said.

The company is also looking at newer markets for exports besides manufacturing its hi-definition television in India soon.

"We are looking at the African markets including countries such as Zambia, South Africa and Uganda as India has a better access to Africa than China.

The company has the technology to manufacture hi-definition televisions and would also look at in the future, he added.

LGEIL is setting up an Rs 900 crore Ranjangaon plant to manufacture its products including DVD writers and has entered in a MoU with the Maharashtra government for it. - PTI

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