India's LCD monitor market grows by over 30 per cent

Kolkata, Aug 11 (UNI) TPV Technology Limited, the world's largest manufacturer of computer monitors having an annual turnover of five billion dollars, today launched a wide range of AOC brand LCD monitors to capture the burgeoing Indian market.

Announcing the launch of 15, 17, 19 and 20 inches state-of-the-art colour monitors at attractive price tags, TPV Technologies, Maketing Head, India and the Middle East, Saurabh Grovar here today said in the wake of tremendous demand for latest display products in India they were looking for at least 30 per cent growth in business through their Indian operations by next year itself.

"In terms of value we are confident of selling more than 1.5 million AOC branded LCD monitors in the very first year of business in the Indian sub continent and in the Middle East, valued at Rs 800 crores," Mr Grovar said replying to a query.

He said the China-based TPV Technologies was also planning to launch AOC branded LCD television of 20, 27, 32 and 42 inches plasma TV for Indian market within the next four to five weeks to cater to the growing demand for high-end clients in India, Bangleadesh, SriLanka, Nepal and the Middle East.

Asked about their production facility, Mr Grover said they had no immediate plan to set up any manufacturing unit anywhere in India since the entire product range was being imported from TPV Technologies' largest plant at Fuzhou in Southern China.

As the capacity of Fuzhou plant was more than 3.6 million units per annum, it was presently meeting the demand for the company's LCD monitors not only in Indian sub continent but almost the entire world, Mr Grover said adding that though TPV had three more manufacturing units in China itself, last year they had acquired three European production units of Philips to meet the global demand in a more coordinated manner.

Asked about the size of LCD monitors in the country, Mr Grovar said in absence of any dependable data it was estimated that in home PC sector alone it was to the tune of 4.5 million per annum. But of this about 50 per cent were in the grey market, he said.

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