Overview
- Andhra Pradesh IT minister N. Lokesh showcased progress on LG Electronics’ facility, calling it a demonstration of the state's 'Speed of Doing Business'.
- The 247-acre complex at Sri City is planned as LG’s third India plant to make refrigerators, air conditioners, washing machines, and key components.
- The project moved from land transfer in May 2025 to advanced construction within seven months, with officials emphasizing quality standards.
- Commercial production is targeted by end-2026, with phased capacity expansion slated through 2029 to match demand and job growth.
- The state says timely land allocation, coordinated approvals, and ongoing engagement are enabling the build, with expectations for thousands of jobs and a local supplier ecosystem.