LG Electronics Bags prestigious ESC Award for Export Excellence in 2005-06

  • Updated
  • 24/10/2007

New Delhi, October 24th October , 2007: LG Electronics India Pvt. Ltd. today achieved another landmark by bagging the award for excellence in Exports of Electronic HardwaNew Delhi, October 24th October , 2007: LG Electronics India Pvt. Ltd. today achieved another landmark by bagging the award for excellence in Exports of Electronic Hardware by the Electronics and Computer Software Export promotion Council of India (ESC) .This achievement is another feather in the cap for the company after achieving a milestone of USD 186 million in exports for calendar year 2006 . This milestone has reiterated LG’s prime position not only in the domestic but the international markets as well.

The award was received by Mr. Ajay Sapra, DGM, Corporate Exim, LGEIL and Mr.Jatin Madan,AGM , Exports, LGEIL, on behalf of LG on 24th October, 2007 at a function held at Hall Kamal Mahal, Hotel Maurya Sheraton,Sardar Patel Marg,New Delhi . Shri A.Raja , Union Minister for IT and Communications presented the Awards.

LG has emerged as top player in Consumer Electronics Exports and is exporting a range of products primarily to the highly competitive markets of Middle East, Asia and Africa. The award was given to LG for its excellent exports performance in Consumer Electronics(CTV, Monitors, GSM, Personal Computers and ODD) during the financial year 2005-2006. During this period, LG achieved exports worth USD 133 Million defined product categories.

According to Mr. Ajay Sapra, DGM, Corporate Exim LGEIL, “This award corroborates LG’s leadership in India as well as International market .This has been possible due to the persistent efforts of LGEIL to come up with high quality products for overseas markets as well as Indian market. Our Consumer Electronics exports have grown at over 30% (YOY)and we are optimistic of achieving greater heights in the coming year. “

Commenting on this achievement, Mr. Jatin Madan, AGM, Exports , “Not withstanding appreciating rupee, the exports division is targeting to achieve USD 250 Mn exports in the year 2007.The international market has readily accepted our products and we see huge potential for growth in the overseas markets in the near future. At LG, we are honored to receive the Award in the export and import category from ESC and thank them for acknowledging our achievement.”