LG plans to invest $50 mln in headcount, R

New Delhi, Oct 14 (UNI) Consumer durables manufacturer LG Electronics today said it plans to invest 50 million dollars in India by next year, with a view to increase the company's manpower and R&D activities in the country.

''We want to deploy more R&D people, open learning centres to train people and enhance our manpower. So far, we are planning to invest around 50 million dollars in 2009,'' LG Electronics India Managing Director Moon B Shin said here.

However, he did not specify as to how many people the firm was planning to hire for its R&D and manufacturing operations.

At present, the company has around 700 people in its R&D division and 3,700 employees at its plants located in Pune and Greater Noida.

The two plants have a total annual capacity of producing five lakh units, of which 70 per cent are LCD monitors.

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