LG Electronics to build $600 million home appliance factory in India

LG Electronics said on Thursday it will break ground on a new home appliance factory in India, reinforcing its commitment to the fast-growing market. A groundbreaking ceremony of the plant in Sri City, an industrial hub in the eastern state of Andhra Pradesh, will be attended by local officials, including Nara Lokesh, minister for human resources development of Andhra Pradesh, as well as LG Electronics executives, including President Lyu Jae-cheol, head of the home appliance division, according to the company.