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AP Minister Lokesh Courts Hyundai Mobis, LG for EV & Semiconductor Hub; LG Confirms ₹5,000 Cr Plant

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
07 Jul 2026
~2 min
Source: The Hindu
Key Data:₹5,000 crore₹468 crore96 million devices/year1,500 jobs$240 billion25% of India's total investments in 2026
Bodies:Hyundai MobisLG ElectronicsAPACTAndhra Pradesh State Skill Development CorporationIIT TirupatiASIP Technologies
Practice MCQs from today's news ▸
What This Article Covers

1.Andhra Pradesh Minister Nara Lokesh, on a South Korea visit, invited Hyundai Mobis to set up an EV semiconductor hub and components manufacturing near Tirupati or Anantapur, and a research centre in Visakhapatnam.

2.LG Electronics confirmed a ₹5,000 crore investment in its third Indian manufacturing plant at Sri City, expected to create 1,500 jobs and produce AC compressors, refrigerators, washing machines, and air conditioners.

3.APACT (a semiconductor firm) is building an OSAT project in Visakhapatnam with ASIP Technologies at ₹468 crore, aiming to produce 96 million semiconductor devices annually.

The Big Picture
Prelims · HighMains · Medium

Andhra Pradesh is aggressively courting South Korean tech giants Hyundai Mobis, LG Electronics, and APACT for investments in EV components, semiconductors, and electronics manufacturing. LG has confirmed a ₹5,000 crore plant at Sri City, while Hyundai Mobis is evaluating an EV semiconductor hub near Tirupati/Anantapur. This signals a major push for Andhra Pradesh as an electronics and EV manufacturing destination, directly relevant to India's PLI schemes and semiconductor mission.

Exam Lens

Quick Exam Facts From News

LG Investment in AP₹5,000 crore at Sri City
LG Plant Jobs~1,500 jobs
APACT OSAT Project Investment₹468 crore
APACT Semiconductor Output96 million devices/year
AP's 24-month Investment Attraction$240 billion (25% of India's total in 2026)

1-Minute Revision

  • ›LG Investment in AP: ₹5,000 crore at Sri City
  • ›LG Plant Jobs: ~1,500 jobs
  • ›Target this Data: LG Electronics' investment of ₹5,000 crore at Sri City, Andhra Pradesh
  • ›Target this Data: APACT OSAT project investment of ₹468 crore, producing 96 million devices/year
  • ›Target this Nodal Body: Andhra Pradesh State Skill Development Corporation (APSSDC) for OSAT training

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which ministry is primarily responsible for the Production Linked Incentive (PLI) scheme for electronics manufacturing?

Q2Statement-basedHard

Consider the following statements regarding the semiconductor investment in Andhra Pradesh:

1. APACT is building an OSAT project in Visakhapatnam in partnership with ASIP Technologies.

2. The OSAT project will produce 96 million semiconductor devices annually.

3. LG Electronics confirmed a ₹5,000 crore investment for a plant at Sri City to manufacture EV batteries.

Which of the statements given above is/are correct?

Q3Data-centricMedium

What is the total investment committed by LG Electronics for its third Indian manufacturing plant at Sri City, Andhra Pradesh?

Q4Application/ImpactMedium

What is the primary strategic objective of Andhra Pradesh's outreach to South Korean companies for EV and semiconductor investments?

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