LG Electronics India on Thursday said it will launch several new products, including laptops and notebook computers, and offer up to 20 models of GSM mobile phones in the Indian market.

According to PTI, the company has registered Rs 205 crore (Rs 2.05 billion) net profit for the year ending December 31, 2003 on 36 per cent higher sales at Rs 4,500 crore (Rs 45 billion) and is eyeing Rs 7,000 crore (Rs 70 billion) sales this year.

The company has two branch offices in Karnataka at present -- Bangalore and Hubli -- but it will establish an RAO at Mangalore which will enable LG to have a state-wide presence and give it the ability to service even remote corners besides catering to specific market needs.

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