LS Cable & System Completes Second Telecom Plant in India... "Responding to India's 5G Commercialization"
Securing Double the Production Capacity of Communication Harnesses
LS Cable India Manufacturing Corporation (LSCI) Communication Components Factory Exterior View
View original image
An employee of LS Cable India Manufacturing Corporation (LSCI) is manufacturing a harness at a telecommunications components factory.
[Photo by LS Cable]
[Asia Economy Reporter Ki-min Lee] LS Cable & System recently announced on the 6th that it has completed the construction of its second communication factory at its Indian production subsidiary (LSCI), doubling its production capacity for communication components.
LS Cable & System explained that it plans to develop LSCI into a specialized production base for communication harnesses to respond to the rapidly growing domestic market in India as well as to target overseas markets such as Europe and North America. Communication harnesses are cable components that connect mobile communication base stations and antennas to systems.
LS Cable & System supplies products to Reliance Jio, Airtel, Vodafone, and others through Samsung Electronics and Ericsson locally in India, holding about a 20% market share in the Indian market.
Park Hyun-ho, head of LSCI, stated, “Global communication equipment companies such as Ericsson and Nokia are developing global sourcing bases in India,” adding, “We plan to secure quality by computerizing the quality management system and expand the market.”
A company official said, “India’s mobile subscribers are approaching 1.2 billion, and 5G commercialization is imminent,” adding, “Global telecom companies have announced investment plans worth tens of trillions of won, and the communication equipment market is expected to grow rapidly.”
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Meanwhile, LS Cable & System established LSCI in 2008 on a site of approximately 162,000㎡ (about 49,000 pyeong) in Bawal City, Haryana State, northern India, supplying power and communication cables and components.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.