Calcutta, July 26: The Indian subsidiary of Korean major Samsung will commence production of TFT-LCD monitors at its Noida plant.
The unit will serve as a manufacturing hub for both domestic and export business.
Says Sonal Anand, country manager (IT), “The plant will have an installed capacity of 1.2 lakh units per annum. This is expected to be increased to 2.5 lakh units by the end of next year.”
Samsung India expects to achieve a sale of 100,000 units this year, of which 20,000 units will be exported to countries in the West Asia and the Indian sub-continent.
TFT-LCD monitors are high-quality, high-definition display monitors that occupy 20 per cent less space. The monitors have low power consumption. Low radiation and wide viewing angles that make it ideal for use in the aerospace, defence and medical industries.
According to IDC statistics, around 50,000 monitors were sold in 2002. The figure is expected to triple by 2003-end. “The trend will continue till 2005,” adds Anand.
The company will set up 50 exclusive retail outlets across the country to market these monitors.
Samsung has a 60 per cent market share in the TFT-LCD market, with IBM, HP, Sony and LG sharing 30 per cent.