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Lokesh to Lay Stone for LG Unit Today
The New Indian Express Tadepalligudem
|May 08, 2025
A major industrial development is set to take shape in Rayalaseema as Minister for HRD and IT Nara Lokesh will lay the foundation stone for a new manufacturing unit of LG Electronics in Sri City on Thursday.
The global home appliances giant is investing ₹5,001 crore to establish the facility.
The initiative began with a meeting between Lokesh and LG's Japan-based representatives in September 2024. He highlighted the investor-friendly policies of Andhra Pradesh, the State's vision to transform Rayalaseema into an electronics manufacturing hub, and the steps taken to ensure ease of doing business.
Impressed by the facilities, LG chose Andhra Pradesh for its expansion.
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