Speed of doing biz in action: Lokesh showcases LG Electronics' world-class facility rising in just 7 months

Amaravati, Jan 11 (PTI) Andhra Pradesh Minister for IT, Electronics and Communications Nara Lokesh highlighted the rapid development of LG Electronics' Rs 5,000-crore manufacturing facility at Sri City, describing it as an example of the state's focus on speedy execution and investor-friendly governance.

In a social media post, Lokesh said the project has made significant progress within seven months of land handover in May 2025, calling it a demonstration of Andhra Pradesh's "Speed of Doing Business".

He noted that the facility is being developed at "speed and scale" while meeting global quality standards.

The plant, spread over 247 acres, will be LG Electronics' third manufacturing facility in India. It is expected to manufacture refrigerators, air conditioners, washing machines and key components, and to generate thousands of jobs, the minister said.

From a greenfield site handed over in mid-2025, the project has moved swiftly into advanced stages of construction, positioning Sri City as a major hub for consumer durables manufacturing in southern India. The facility is also part of LG Electronics' strategy to expand domestic manufacturing and strengthen supply-chain integration in India.

According to Lokesh, commercial production is planned to begin by the end of 2026, with phased expansion continuing until 2029 to align capacity growth with market demand and employment generation.

The Andhra Pradesh government said it supported the project through timely land allocation, coordinated approvals and continuous engagement with the company. Officials added that the facility is expected to spur the development of a local vendor and supplier ecosystem around Sri City.

With large global investments moving quickly from approval to execution, the state aims to strengthen its position as a key destination for electronics manufacturing, driven by policy certainty, speed and a focus on job creation.

"From land handover in May 2025 to remarkable progress today - LG Electronics' Rs 5,000 crore world-class manufacturing facility in Sri City is moving at speed and scale!," he said.

He noted that the project reflects the state's ability to move swiftly from approvals to execution while maintaining quality and global standards.

From a greenfield parcel handed over in May 2025 to a site witnessing rapid on-ground development today, the Sri City project has progressed at an exceptional pace. The facility is emerging as a major hub for consumer durables manufacturing in southern India, while also supporting LG Electronics' broader India strategy of deepening domestic production and supply-chain integration.

As per the minister's post on X, commercial production at the Sri City facility is planned to begin by the end of 2026, with phased expansion continuing through 2029. This phased approach is expected to align capacity growth with market demand while steadily expanding employment and ancillary opportunities in the region.

Nara Lokesh expressed satisfaction at witnessing the project's momentum in his post on the microblogging site, "Thrilled to witness this leap in industrial progress, Andhra Pradesh continues to deliver for investors, youth & jobs!" He said the LG Electronics project stands as a strong validation of the trust global companies place in Andhra Pradesh's governance model, policy stability and execution capability.

The Government of Andhra Pradesh has facilitated the project through timely land allocation, coordinated clearances and continuous engagement with the investor, ensuring that commitments translate swiftly into visible outcomes on the ground. The LG Electronics facility is also expected to catalyse the development of a robust supplier and vendor ecosystem around Sri City.

With marquee global investments moving from intent to execution at record speed, Andhra Pradesh continues to consolidate its position as one of India's most attractive destinations for electronics manufacturing, driven by speed, certainty and a clear focus on jobs and growth. PTI MKT BAL BAL