Aiming a 20 per cent growth rate in its turnover, Korean durable major LG Electronic India Ltd will invest over Rs 400 crore in the current year on marketing and promotions and will also launch a new range of air-conditioners soon.

"LG will invest over Rs 400 crore in this year as marketing and promotional expenses to achieve 20 per cent growth in its turnover," LGIEL Managing Director Moon Bum Shin told PTI on the sidelines of inauguration of Croma store in Gurgaon.