LG Electronics India has commenced construction on its third plant in the country.

The IPO-bound electronics manufacturer will invest $600 million in the plant located in Sri City, Andhra Pradesh.

 The plant will generate direct employment opportunities for 1,495 individuals and indirectly employ 10,000 people.

The company's other plants are located in Greater Noida, Uttar Pradesh state, and in Pune, Maharashtra.

LG Electronics is now targeting launching the IPO of its Indian unit in the second or third quarter of fiscal year 2026, instead of May.