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Samsung to open $ 100 mn TN facility in Aug: Zutshi

Hyderabad, Mar 13 (UNI) Consumer Electronics major Samsung will open a 100 million US Dollar facility at Sriperumbudur in Tamil Nadu by August 2007, a top company official said today.

This unit will be 2.5 times bigger than its Noida facility. It will initially roll out colour televisions from the new facility, Company Deputy Managing Director R Zutshi said.

Samsung India will also use the Tamil Nadu facility for exporting consumer goods, including washing machines and refrigerators, to Sri Lanka, Bangladesh, Nepal and Bhutan.

Even as exports to SAARC countries will be company's 2007 thrust area, it also planned to tap large retail formats like Reliance and Croma to expand domestically.

For this, the company will increase its roadshows to 150 this year from 120 last year as it plans to expand its brand by 40 per cent in 2007.

It launched three new advanced series of split ACs for Indian market today as part of its plans to introduce a new series of air conditioners during 2007.

UNI

GVK Biosciences forms JU with INC Research

Kolkata, Mar 14 (UNI) GVK Biosciences (GVK BIO) today announced that it has entered into a 50:50 joint venture (JV) with INC research (INC) to form INC GVK BIO Private limited. The joint venture will enable INC research to conduct its global clinical trials in the areas of oncology, CNS, infectious diseases and pediatrics involving phase I-IV studies. GVK BIO currently provides contract research services to a rapidly growing base of global pharmaceutial and biotechnology companies. Commenting on the new initiative,.....

LG to focus on GSM phones and IT products in India-Shin

Bhubaneswar, Mar 14 (UNI) LG Electronic India Private Limited (LGEIL) Managing Director M.B.Shin today said the company's future growth engine will be IT products and GSM telephones in India. Mr Shin, who launched the LG Time Machine TV in Orissa, told newsmen that the prime focus of the company would be the high end display category, IT products and GSM phones. He admitted that there has been tough competition in these products in India but LG would never jumped into the.....

Telecom sector expands with 6.3 mln subscribers in Feb '07

New Delhi, Mar 14 (UNI) The rapid expansion of the telecom sector continued with an addition of about 6.3 million phones in the number of telecom subscribers during the month of February 2007 - an average daily addition of more than two lakh lines. As a result, the total number of telephones in the country crossed more than 203 million, as against a total of 196.7 million as on January 31, this year, a growth of 3.2 per cent. Thus.....
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