LG’s new smart phone would compete with peer competitors like Samsung and Nokia in the Indian market. Korean electronic major LG announced launching a high end 3G enabled handset in India in partnership with US-based technology major Qualcomm.

LG Electronics India, Business Group Head (GSM), Anil Arora said that The company is aiming to sell 10,000 units of this model per month. With the new model, the company is targeting a 20 per cent market shares in the touch screen mobile segment in the country.

The government has already announced the base price of 3G pan-Indian license and telecom operators are gearing up for launching 3G services by October next year. Mobile handset makers like LG see huge market opportunities in 3G services market.

The smartphone- LG GM 730- is priced at Rs 24,000 and is based on Qualcomm’s chipset and also with Windows mobile and touch screen that will offer faster email setup and download.