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May 09, 2025
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LG Electronics India, currently preparing for its initial public offering (IPO), has announced the commencement of construction on its third manufacturing facility in the country. The company and the state government of Andhra Pradesh, where the new plant will be located, jointly confirmed the development recently.
The electronics giant is set to invest a substantial sum of $600 million in the state-of-the-art plant, which will be situated in Sri City, a strategically important industrial hub in close proximity to the major South Indian city of Chennai. This significant investment underscores LG Electronics India's commitment to expanding its manufacturing capabilities within the country as it gears up for its public listing.
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