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With AI model TVs, LG looks to further consolidate its position
Hyderabad, Oct 9 (IANS) With the launch of a new range of televisions featuring Artificial Intelligence (AI), LG Electronics India is looking to further strengthen its leadership position in flat panels market.
The leading consumer electronics brand on Tuesday introduced 25 AI ThinQ models, all made in India.
A top company official said LG, which sold over 2.2 million TVs in 2017, holds a market share of 25 per cent in flat panels.
UHD TV or the premium segment in flat panels is expected to play a key role in LG’s growth during the current year. This contribution during the current festive season is expected to be 40 per cent as against 14 per cent during the 2017 festive season.
Younchul Park, Director – Home Entertainment, LG Electronics India, told reporters here that the new models under OLED, Super UHD, UHD and Smart TV categories will bring new level of convenience, enhanced connectivity and more immersive TV viewing experiences.
With AI functionality in LG TVs, the consumers can directly speak into the remote to control TV functions and seamlessly discover and play content. These TVs do not only work on fixed voice commands but also understand the intent of query before providing a search result. There are set of over 800 commands which work even without internet connection.
The company has also introduced New 4K JAZZ TV, equipped with 35W built-in woofer and ultra bright IPS 4K panel for best 4K experience along with ThinQ AI support.
“AI functionality backed up with extensive research is incorporated in televisions with an aim of delivering a unique and more intuitive experience,” he said.
Park said the Pune factory of LG produced all premium TVs and entry models. He said the facility has enough capacity to the meet future requirements.
He said the company was trying to absorb the increased costs of components imported from Korea due to rupee depreciation. “As of now we are not passing the burden to consumers. We are assessing the situation,” he said.
He believes that entry of Chinese players with affordable TVs poses no threat as Indian consumers prefers an established brand like LG, which has presence in Indian market for over two decades with large number of service points and 20,000 trade partners.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.