Minister Nara Lokesh’s Million-Dollar Declaration
Amaravati, Andhra Pradesh — Minister Nara Lokesh reaffirmed Andhra Pradesh’s commitment to becoming a prime investment destination, emphasizing that the state’s rapid ease of doing business is more than just a catchphrase. Expressing gratitude towards corporate entities that have placed their trust in the state, he highlighted recent significant investments as a testament to Andhra Pradesh’s growing industrial appeal.
One of the landmark developments is the announcement by LG Electronics’ Hong Ju Jian, committing ₹5,000 crore towards establishing a state-of-the-art manufacturing facility in Sri City. This investment is set to become the largest greenfield electronics manufacturing project in South India, reinforcing Andhra Pradesh’s position as a key player in the electronics manufacturing ecosystem.
Minister Nara Lokesh urged major corporate players to focus their attention on Andhra Pradesh for large-scale manufacturing hubs, citing the state’s investor-friendly policies, strategic location, and robust infrastructure as catalysts for sustainable industrial growth.
“With the speed at which we facilitate business operations, Andhra Pradesh is poised to attract more marquee investments. We welcome and appreciate the confidence shown by companies like LG Electronics, and we are committed to supporting their growth here,” he said.
This announcement signals Andhra Pradesh’s ambition to emerge as a manufacturing powerhouse in South India, aligning with the central government’s vision of boosting domestic production and employment.
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