Andhra Pradesh Emerging as a Global Investment Destination through Speed of Doing Business.

 *Andhra Pradesh on the path to becoming an Electronics Powerhouse, Minister Nara Lokesh lays foundation stone for $600 million LG electronics facility*

*From "Made in Andhra" to "Made for the World" – A Transformational Journey Continues*

*First Major FDI Project under the new NDA Government, largest single stage electronics investment in South India*

*Andhra Pradesh Emerging as a Global Investment Destination through Speed of Doing Business*

*Minister Nara Lokesh lays foundation stone for LG Electronics Unit in Sri City*

Satyavedu, Andhra Pradesh (prajaamaravati): Minister for Education, IT, and Electronics, Nara Lokesh, stated that every job created and every innovation launched is paving the way to transform Andhra Pradesh into a global electronics powerhouse. He was speaking at the foundation stone laying ceremony of LG Electronics’ state-of-the-art manufacturing facility in Sri City, near Tirupati.

“This is not just the beginning of a manufacturing unit—it’s the laying of a foundation for the future of Andhra Pradesh,” said Minister Lokesh. “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.”

With an investment of over ₹5,000 crore, LG Electronics is establishing a world-class facility in Andhra Pradesh, reaffirming global confidence in the state’s investor-friendly policies. The journey from "Made in Andhra" to "Made for the World" continues with strength and purpose. This LG unit stands as one of the first major foreign direct investments (FDI) since the formation of the new people’s government.

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 1900 direct and indirect jobs. 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. LGEIL's investment in this facility will be to the tune of US$  600 million (INR 5001 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. 

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.

Welcoming LG Electronics India Managing Director Mr. Hong Ju Jeon and other key leadership and partners, Lokesh said it was an honor to be part of this landmark event.

*Building the Future of Andhra Pradesh*

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 emphasized.

The main LG unit is expected to generate 1,500 direct jobs. Additionally, LG’s key vendor partners will invest another ₹839 crore, creating over 690 more jobs. The project will have a significant positive impact on the local economy and will enhance the entire electronics ecosystem in the region.

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 highlights Andhra Pradesh’s emergence as a competitive global hub for electronics manufacturing.

*Andhra Pradesh is open for Business*

“When global industrial giants align with Andhra’s vision, transformative change becomes inevitable,” said Lokesh. LG and its partners are bringing cutting-edge technologies to Indian soil—AI-driven manufacturing, smart production processes, and energy-efficient systems.

Sri City has become a lighthouse for industrial progress, and projects like this are shaping the economic future of Andhra Pradesh. From land acquisition to construction and full-scale production, the state government will provide comprehensive support at every step.

“We are committed to providing an enabling environment for industrial growth and advanced innovation,” Lokesh added. “Andhra Pradesh is open for business, eager for innovation, and ready for transformation.”

He thanked LG Electronics for choosing Andhra Pradesh for this prestigious unit and said, “The LG factory will become a dream workplace for aspiring engineers, tech professionals, and future entrepreneurs. Together, we’re not just assembling machines—we’re creating opportunities.