<p>Hyderabad: South Korean major, LG Electronics would be setting up a manufacturing facility in Andhra Pradesh for which the foundation was laid on Thursday. With an investment of over Rs 5,000 crore, LG Electronics is establishing a world-class facility in Andhra Pradesh's Sri City near Tirupati.</p><p>This LG unit stands as one of the first major foreign direct investments (FDI) since the formation of the TDP-led NDA government in the state. 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 1,900 direct and indirect jobs.</p>.Andhra Pradesh overhauls power utilities, inducts new talent, expertise.<p>This new plant is expected to cover a site area of 1 million square meters, with a total floor area of 220,000 square meters. Once fully operational, the facility will have an annual production capacity of 800,000 refrigerators, 850,000 washing machines, 1.5 million air conditioners, and 2 million air conditioner compressors. Production will begin with air conditioners in 2026, followed by a phased rollout of washing machines, refrigerators, and compressor lines through 2029.</p><p>“This is not just the beginning of a manufacturing unit, it’s the laying of a foundation for the future of Andhra Pradesh. This project goes beyond industrial development; it marks a milestone in India’s industrial and technological advancement. Where innovation and investment meet, the future is built,” said state IT minister, Nara Lokesh who laid the foundation for LG Plant on Thursday.</p><p>The LG facility will produce advanced, smart, and energy-efficient home appliances such as refrigerators, air conditioners, and washing machines. “This is not just about manufacturing, it is about shaping the future of how we live. It’s about creating jobs, empowering youth, and transforming lives. We’re not just building factories; we’re building the future of our state,” Lokesh emphasised.</p><p>The main LG unit is expected to generate 1,500 direct jobs. Additionally, LG’s key vendor partners will invest another Rs 839 crore, creating over 690 more jobs.</p><p>By manufacturing key components like compressors and heat exchangers within the state, LG aims to strengthen its supply chain and reduce dependency on imports. Vendor partners including Ecoria, Kuroda Electric, Heng Sung India, Kyungsung Precision, and Taesung Electronics will play a vital role in this integrated growth journey. This collaboration also highlights Andhra Pradesh’s emergence as a competitive global hub for electronics manufacturing.</p><p>“When global industrial giants align with Andhra’s vision, transformative change becomes inevitable. LG and its partners are bringing cutting-edge technologies to Indian soil—AI-driven manufacturing, smart production processes, and energy-efficient systems,” said Lokesh.</p>
<p>Hyderabad: South Korean major, LG Electronics would be setting up a manufacturing facility in Andhra Pradesh for which the foundation was laid on Thursday. With an investment of over Rs 5,000 crore, LG Electronics is establishing a world-class facility in Andhra Pradesh's Sri City near Tirupati.</p><p>This LG unit stands as one of the first major foreign direct investments (FDI) since the formation of the TDP-led NDA government in the state. 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 1,900 direct and indirect jobs.</p>.Andhra Pradesh overhauls power utilities, inducts new talent, expertise.<p>This new plant is expected to cover a site area of 1 million square meters, with a total floor area of 220,000 square meters. Once fully operational, the facility will have an annual production capacity of 800,000 refrigerators, 850,000 washing machines, 1.5 million air conditioners, and 2 million air conditioner compressors. Production will begin with air conditioners in 2026, followed by a phased rollout of washing machines, refrigerators, and compressor lines through 2029.</p><p>“This is not just the beginning of a manufacturing unit, it’s the laying of a foundation for the future of Andhra Pradesh. This project goes beyond industrial development; it marks a milestone in India’s industrial and technological advancement. Where innovation and investment meet, the future is built,” said state IT minister, Nara Lokesh who laid the foundation for LG Plant on Thursday.</p><p>The LG facility will produce advanced, smart, and energy-efficient home appliances such as refrigerators, air conditioners, and washing machines. “This is not just about manufacturing, it is about shaping the future of how we live. It’s about creating jobs, empowering youth, and transforming lives. We’re not just building factories; we’re building the future of our state,” Lokesh emphasised.</p><p>The main LG unit is expected to generate 1,500 direct jobs. Additionally, LG’s key vendor partners will invest another Rs 839 crore, creating over 690 more jobs.</p><p>By manufacturing key components like compressors and heat exchangers within the state, LG aims to strengthen its supply chain and reduce dependency on imports. Vendor partners including Ecoria, Kuroda Electric, Heng Sung India, Kyungsung Precision, and Taesung Electronics will play a vital role in this integrated growth journey. This collaboration also highlights Andhra Pradesh’s emergence as a competitive global hub for electronics manufacturing.</p><p>“When global industrial giants align with Andhra’s vision, transformative change becomes inevitable. LG and its partners are bringing cutting-edge technologies to Indian soil—AI-driven manufacturing, smart production processes, and energy-efficient systems,” said Lokesh.</p>