LG Electronics India has designated the country as a primary manufacturing and export hub. The company detailed this strategy during its first annual general meeting since listing on Indian stock exchanges.
The company will invest Rs 5,000 crore in its Sri City factory. This facility is scheduled to begin operations by December 2026.
LG aims to export premium products to developed markets. It will also export its Essential series to 22 emerging markets. These export targets are set for the 2026 calendar year. The company currently exports products to more than 50 countries.