Greetings from LG Electronics, we have announced that “LG ELECTRONICS INDIA LIMITED BEGINS CONSTRUCTION OF ITS THIRD MANUFACTURING PLANT IN INDIA” attached the detailed press release for your editorial review and consideration. !
Greetings from LG Electronics, we have announced that “LG ELECTRONICS INDIA LIMITED BEGINS CONSTRUCTION OF ITS THIRD MANUFACTURING PLANT IN INDIA” attached the detailed press release for your editorial review and consideration.
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 1495 direct jobs. 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.
The new plant at Sri City is expected to localize production further and meet the growing demand for LG products throughout India. It will also strengthen LGEIL’s supply chain in South India, while helping expedite access to LG products for consumers in the region. The facility will manufacture a diverse range of products, including AC compressors, refrigerators, washing machines and air conditioners.
Photo Caption: L-R: Byungyeol Kim (Group Head, HS Operation, LG Electronics); Hong Ju Jeon (Managing Director, LG Electronics India); Seongho Lee (Ambassador of Republic of Korea to India); Jaesung Lee (CEO, ES Company, LG Electronics); Jaecheol Lyu (CEO, HS Company, LG Electronics); Nara Lokesh (Minister for IT, Electronics, Communications, HRD & RTG, Govt. of Andhra Pradesh); Katamneni Bhaskar (Secretary, IT, Electronics, Communications & HRD, Govt. of Andhra Pradesh); M. Abhishikth Kishore (VC & MD, APIIC); S. Venkateswarlu (Collector & District Magistrate, Tirupati District, Andhra Pradesh
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