LG Electronics Announces ₹5,001 Crore Investment for Manufacturing Facility in Sri City, Andhra Pradesh

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LG Electronics has unveiled plans to invest ₹5,001 crore in establishing a new manufacturing facility in Sri City, Andhra Pradesh. This strategic move marks a significant expansion of LG’s operations in India and underscores the company’s commitment to strengthening its presence in one of its key markets.

The upcoming facility is expected to boost local manufacturing capabilities, generate employment opportunities, and support the government’s "Make in India" initiative. Sri City, known for its robust industrial infrastructure, was chosen for its strategic location and logistical advantages.

LG’s investment will focus on producing a wide range of electronics and appliances, catering to both domestic and export markets. The facility is projected to enhance LG’s supply chain efficiency and contribute to the overall economic development of the region.

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