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LG ELECTRONICS INDIA LIMITED BEGINS CONSTRUCTION OF ITS THIRD MANUFACTURING PLANT IN INDIA
LG Electronics India Ltd. (LGEIL) announced the commencement of construction of its new manufacturing facility in Sri City, Andhra Pradesh today at a ceremony graced by the presence of Shri Nara Lokesh, Hon'ble Minister for Information Technology, Electronics and Communications, Real Time Governance and Human Resources Development, Government of Andhra Pradesh. The new plant is expected to commence operations by the end of 2026.
About this update from Lg Electronics Inc.
[{"type":"text","content":"New Manufacturing Plant in Sri City Expected to Begin Operations by End of 2026","length":84,"tagName":"p"},{"type":"text","content":"SRI CITY, India, May 8, 2025 /PRNewswire/ -- LG Electronics India Ltd. (LGEIL) announced the commencement of construction of its new manufacturing facility in Sri City, Andhra Pradesh today at a ceremony graced by the presence of Shri Nara Lokesh, Hon'ble Minister for Information Technology, Electronics and Communications, Real Time Governance and Human Resources Development, Government of Andhra Pradesh. The new plant is expected to commence operations by the end of 2026.","length":486,"tagName":"p"},{"type":"image","alt":"Overview of LG Electronics' third factory in India","displaySize":"","headline":null,"caption":"Overview of LG Electronics' third factory in India","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":208,"url":"https://media.zenfs.com/en/prnewswire.com/6266baf43b9803eec747331cf96dbdf6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/KP9.cSS98QPqV8Fz.RJVzA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM2NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6266baf43b9803eec747331cf96dbdf6","width":400,"height":208}},"href":"https://mma.prnewswire.com/media/2682272/Overview_of_LG_Electronics__third_factory_in_India.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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.","length":456,"tagName":"p"},{"type":"text","content":"The government of Andhra Pradesh has approved 247 acres of land in Sri City for LGEIL's new manufacturing facility, which is expected to generate around 1495 direct jobs. LGEIL plans to invest approximately USD 600 million (INR 5001 crores) over the next four years, with the potential to attract ancillary businesses to the region, thereby creating an ecosystem for white good manufacturing in the state of Andhra Pradesh.","length":427,"tagName":"p"},...