LG to invest Rs 5,000 crore in Andhra Pradesh for smart appliance facility

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LG to invest Rs 5,000 crore in Andhra Pradesh for smart appliance facility - Business Standard

Quick Summary:

Once fully operational, the facility will have an annual production capacity of 800,000 refrigerators, 850,000 washing machines, 1.5 million air conditioners, and 2 million air conditioner compressors.

This LG unit stands as one of the first major foreign direct investments (FDI) since the formation of the new government in Andhra Pradesh.

Vendor partners including Ecoria, Kuroda Electric, Heng Sung India, Kyungsung Precision, and Taesung Electronics will play a vital role in this integrated growth journey.