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regular-article-logo Friday, 01 March 2024

LG to invest Rs 200 crore in Pune unit

Investment to strengthen its refrigerator manufacturing capacity

A Staff Reporter New Delhi Published 21.01.23, 01:35 AM
Located at Ranjangaon, Pune, the facility is spread across an area of 52.8 acres.

Located at Ranjangaon, Pune, the facility is spread across an area of 52.8 acres. Twitter

LG Electronics India on Friday said the company is investing Rs 200 crore in its Pune facility to strengthen its refrigerator manufacturing capacity.

“Localisation has been a key differentiator as we have continuously developed products based on Indian insights. Last year we started manufacturing window inverter AC in India at the Noida manufacturing facility and this year we are starting side-by-side refrigerator production in India. With skilled workforce and cutting-edge technologies at our disposal, we are optimistic of catering to the needs of our consumers,” said Hong Ju Jeon, managing director, LG Electronics India.

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“We are investing approximately Rs 200 crore in setting up this manufacturing line and will continuously strengthen our local operations. LG Electronics is fully confident to make India a strong manufacturing hub. We will also be exporting from this facility,” he said.

Located at Ranjangaon, Pune, the facility is spread across an area of 52.8 acres.

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