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The certificate validates investments of Rs 705 crore made by the company between November 1, 2017, and October 30, 2024, towards expansion of manufacturing facility at Ranjangaon.
LG Electronics India.
LG Electronics India Limited has received an eligibility certificate from the Directorate of Industries, Government of Maharashtra, making it eligible for incentives worth Rs 705.74 crore under the state’s Electronics Policy 2016.
The certificate validates investments of Rs 705.74 crore made by the company between November 1, 2017, and October 30, 2024, towards the expansion of its manufacturing facility at Ranjangaon. With the investment phase now complete, LG Electronics India will be entitled to annual incentives of Rs 47.04 crore over a 15-year period from May 1, 2025, to April 30, 2040.
The incentive package includes refunds on State Goods and Services Tax (SGST) paid on goods manufactured at the Pune facility and sold within Maharashtra, exemptions from electricity duty and stamp duty, power tariff subsidies, refunds on the employer’s contribution to the Employees’ Provident Fund (EPF), and exemption from property tax.
The company said the approval strengthens its alignment with the government’s ‘Make in India’ initiative and reinforces its long-term commitment to expanding its manufacturing footprint in the country. The incentives are also expected to enhance operational efficiency and support LG Electronics India’s export plans from its India operations.
Commenting on the development, Atul Khanna, Chief Accounting Officer of LG Electronics India Limited, said, “We are grateful to the Government of Maharashtra for this recognition. This eligibility certificate serves as a formal validation of our capital investments and also lays a strong foundation for LG Electronics continued growth story in India. It reinforces our unwavering commitment to the Indian market and the ‘Make in India’ vision, along with yielding us the leverage to expand exports. This incentive will directly enhance our operational efficiency and cost competitiveness, allowing us to continue delivering world-class, innovative technology to Indian households, while deepening our contribution to the local economy.”
The company said the long-term nature of the incentive package provides revenue predictability and supports margin expansion over the next 15 years. By securing sustained policy support from the Maharashtra government, LG Electronics India aims to optimise its cost structure in the premium appliance segment while navigating external economic challenges and scaling its manufacturing operations in the region.
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January 24, 2026, 14:18 IST
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