The second manufacturing unit being set up by LG Electronics India at Ranjangaon, near Pune, will result in a cost saving of 45 per cent on the logistics front for the company. Being close to Nhava Sheva Port, Mumbai, the centre will be strategically placed to cater to both the domestic and foreign markets.
LG officials told Business Standard that the new unit would serve these markets at a much lower cost than Noida or a centre that could have been set up elsewhere in the country.
The production here would be equally divided for export and domestic market. Hence, the company has decided to make this as the manufacturing hub for high-end products such as LCD screens and projection TVs, which maybe exported.
