LG Electronics India – the consumer electronics major has said it will invest Rs 200 crore over the next three years in IT business as it forays into the small and medium businesses (SMB) segment. The company is also targetting revenues of Rs 200 crore by December next year, from the SMB vertical.
The investment would be made over the next three years for product development and R&D, marketing and opening experience zones for the SMB products.
LG launched its range of computing products, security survelliance equipment, projectors, digital signage solutions and other appliances like refrigerators, air conditioners, air purifiers and microwave ovens, customised for SMB units.