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LG announces super fast redemption scheme-

  • Updated
  • 01/06/2006

New Delhi, 1st June, 2006: LG Electronics India Pvt. Limited (LGEIL), a Leading Consumer Electronic, Home Appliance, IT & Mobile Handset Company in India, has unveiled LG Super Fast Dollar Varsha — Channel Vikas Yojna for its channel partners.
According to Mr. R. Manikandan, General Manager, IT, LG Electronics, “After the huge success of our Dollar Varsha scheme we bring to our channel partners a sequel to our Dollar Varsha blockbuster- The LG Super Fast Dollar – Channel Vikas Yojna. The scheme is a dual benefit scheme where a channel partner wins dollars from units sold in June and also receive bonus depending on their performance during the Dollar Varsha II!”
In this scheme, Channel partners get LG dollars on sale of 17’ CRT Monitors, Flatron, CD writer, Combo Drive, DVD writer, LCD monitor, PCs and Notebooks. On the collected LG Dollars they also get Loyalty Bonus. The loyalty bonus is based on Base dollars collected in the month of April-May during the Dollar Varsha II scheme. The partners can redeem all the accumulated Dollars for Gifts .
Channel Partners are eligible to win CD ROM, Combo Drive, DVD Writers, Flatron Monitors and LCD Monitors on redeeming the ‘LG Dollars’. The scheme is valid from 1st June 2006 to June 30, 2006, and the redemption can be availed at any of LG’s branch offices between July 5 and July 15, 2006.
Later Mr. R. Manikandan, General Manager, IT, LG Electronics adds, “LG has always been a channel friendly company with dedicated efforts towards channel health & profitability. We have always taken lead in quicker settlement of channel schemes. We are happy to note that all channel schemes that ended as recent as March 2006 have been settled to an extent of more than 95%. Thus immediately after the success of Dollar varsha I & II, we have announced LG Super Fast Channel Vikas Yojna. We realize that partners are today looking at vendor who can enhance their profitability and this scheme is a perfect example of that