Sat Jan 10 13:10:30 UTC 2026: ### Andhra Pradesh Welcomes LG Electronics’ ₹5,000-Crore Manufacturing Unit

The Story:

Andhra Pradesh is celebrating a significant industrial milestone with the upcoming launch of LG Electronics’ ₹5,000-crore manufacturing unit in Sri City. According to IT and HRD Minister Nara Lokesh, the plant is slated to commence operations by the end of 2026, with phased expansions planned through 2029. The land for the project was allocated to the South Korean company in May 2025, facilitating the swift development of this large-scale facility.

This 247-acre plant, LG’s third in India, will produce a range of home appliances, including refrigerators, air-conditioners, washing machines, and essential components. The project aims to significantly bolster the manufacturing ecosystem in Andhra Pradesh and create thousands of jobs, marking a substantial leap in industrial progress for the state.

Key Points:

  • LG Electronics is establishing a ₹5,000-crore manufacturing unit in Sri City, Andhra Pradesh.
  • Land was allocated to LG in May 2025, and the plant is expected to be operational by the end of 2026.
  • The plant, spread over 247 acres, will manufacture refrigerators, air-conditioners, washing machines, and key components.
  • The project aims to strengthen the manufacturing ecosystem and create thousands of jobs in Andhra Pradesh.
  • The facility is LG’s third plant in India, indicating a continued investment in the Indian market.

Key Takeaways:

  • Andhra Pradesh is actively attracting foreign investment in manufacturing.
  • LG Electronics sees India as a key market for its expansion.
  • The Sri City plant will likely have a positive impact on the state’s economy and employment rate.
  • Rapid project development after land allocation suggests efficient bureaucratic processes in Andhra Pradesh.

Impact Analysis:

The establishment of the LG Electronics manufacturing unit has long-term implications for Andhra Pradesh’s industrial landscape.
* Economic Growth: The ₹5,000-crore investment will stimulate economic activity and contribute to the state’s GDP.
* Employment Generation: The creation of thousands of jobs will improve the livelihoods of many residents and reduce unemployment rates.
* Manufacturing Hub: The presence of a major player like LG Electronics could attract other manufacturers and suppliers, further developing the state as a manufacturing hub.
* Skill Development: The establishment of a major manufacturing facility can facilitate the transfer of technology and know-how, leading to upskilling and training opportunities for the local workforce.

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