Betting big on the Indian growth story, South Korean consumer durables major LG on Friday said it will invest about $1 billion here for marketing and research over the next five years. “We will be investing around $ 1 billion (about Rs 5,000 crore) in the next five years on R&D and marketing,” LG Electronics India MD Moon Bum Shin told PTI.
Published 11 September 2009, 17:32 IST