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LG Electronics begins construction on ₹5,000-cr mfg unit in Andhra Pradesh
The Political and Business Daily
|May 09, 2025
LG Electronics on Thursday began the construction work on its Rs 5,000-crore home appliance factory here -- its third plant in India, as part of a broader push to strengthen its presence in one of the world's fastest-growing consumer markets.
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The South Korean giant's investment in the rising industrial corridor in Andhra Pradesh is the largest single stage electronics investment in South India.
Slated for completion by the end of 2026, the plant spread across 1 million square meters will roll out 800,000 refrigerators, 850,000 washing machines, 1.5 million air conditioners, and 2 million air conditioner compressors annually.
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