Thursday, May 8 2025 | Time 22:31 Hrs(IST)
Business EconomyPosted at: May 8 2025 5:13PM


LG Electronics new facility in Sri City to begin operations by 2026 end

Sri City (Andhra Pradesh), May 8 (UNI) LG Electronics India Ltd (LGEIL) announced on Thursday the commencement of construction of its new manufacturing facility in Sri City at a ceremony held here.
The ceremony was graced by Andhra Pradesh IT Minister Nara Lokesh and LG Electronics executives from South Korea, including Lyu Jae-cheol, president of the LG Home Appliance Solution Company; James Lee, president of the LG Eco Solution Company and Hong Ju Jeon, managing director of LGEIL. Other government officials and senior LGEIL leadership.
The new plant is expected to commence operations by the end of 2026.
Strategically located in Sri City’s industrial area, the new manufacturing facility will enhance LGEIL’s production capacity and also enable local employment in the region.
The new facility will be LG Electronics’ third plant in India. The other two plants are located in Greater Noida, Uttar Pradesh and Pune, Maharashtra.
This investment underscores India’s potential as a critical hub within LG Electronics’ global supply chain.
The government of Andhra Pradesh has provided 247 acres of land at Sri City to LGEIL for the new plant that is expected to generate around 1,495 direct jobs. LGEIL's investment in this facility will be to the tune of USD 600 million (Rs 5,001 crores) over a period of four years and brings with it the potential to bring ancillaries to the region, thereby creating an ecosystem for white goods manufacturing in the State of Andhra Pradesh.
The new plant at Sri City is expected to localize production further and meet the growing demand for LG products throughout India.
It will also strengthen LGEIL’s supply chain in South India, while helping expedite access to LG products for consumers in the region.
The facility will manufacture a diverse range of products, including AC compressors, refrigerators, washing machines and air conditioners.
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Tags: #LG Electronics new facility in Sri City to begin operations by 2026 end
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