LG breaks ground for Rs 5000 crore Sri City factory

IPO-bound LG Electronics India is coming up with a new manufacturing facility in Sri City, Andhra Pradesh with an investment of Rs 5,000 crore. On Thursday, Andhra Pradesh Minister for IT, Nara Lokesh, laid the foundation stone for the facility.

The production at the facility will begin with air conditioners in 2026, followed by a phased rollout of washing machines, refrigerators, and compressor lines through 2029.