Andhra Pradesh Minister for Education, Information Technology and Electronics Nara Lokesh meets Hyundai Mobis executives Youngbin Kim, Hanseok Park and Jungho Seo in Seoul on Tuesday.
| Photo Credit: Special Arrangement
Andhra Pradesh Minister for Education, Information Technology and Electronics Nara Lokesh stepped up the State’s investment outreach in South Korea on Tuesday (July 7, 2026), holding a series of meetings with leading technology and electronics companies to draw investment in electric vehicles, semiconductors and advanced manufacturing.In talks with senior executives of Hyundai Mobis, Mr. Lokesh invited the automotive technology company to set up an EV semiconductor hub in Andhra Pradesh, along with an EV components and battery systems manufacturing unit near Tirupati or Anantapur. He also proposed a research and engineering centre in Visakhapatnam and a Centre of Excellence with IIT Tirupati.#ChooseSpeedChooseAPదక్షిణ కొరియాకు చెందిన ఆటోమోటివ్ మాడ్యూల్స్, కాంపొనెంట్స్, ఎలక్ట్రిఫికేషన్ పరికరాల తయారీ సంస్థ హ్యుందాయ్ మోబిస్ ఎగ్జిక్యూటివ్ వైస్ ప్రెసిడెంట్ యంగ్ బిన్ కిమ్ (Mr. Youngbin KIM), వైస్ ప్రెసిడెంట్ హన్సోక్ పార్క్ (Mr. Hanseok PARK), జంగ్హో సియో (Mr. Jungho… pic.twitter.com/nraGxrasOH— Lokesh Nara (@naralokesh) July 7, 2026The Minister sought the company’s support for research in autonomous driving, Advanced Driver Assistance Systems (ADAS) and smart manufacturing, and urged it to partner the State in building Anantapur into a major automobile manufacturing hub. Hyundai Mobis executives said the company would study the proposals before taking a decision on future investments.Mr. Lokesh also met APACT Chief Executive Officer Seong Dong Lee to discuss strengthening Andhra Pradesh’s semiconductor ecosystem. He asked APACT to work with the Andhra Pradesh State Skill Development Corporation to train youth in semiconductor assembly, packaging and testing (OSAT), and to encourage other global OSAT players, including Hana Micron, to consider investing in the State. Mr. Lee said the company’s Visakhapatnam OSAT project, being built with ASIP Technologies at an investment of ₹468 crore, would make 96 million semiconductor devices a year, and construction was expected to start shortly.#ChooseSpeedChooseAPసియోల్ సెమీ కండక్టర్స్ వైస్ ప్రెసిడెంట్ తాయెహ్యుంగ్ లీ (Mr.Taehyung Lee)తో సియోల్ లో భేటీ అయ్యాను. 2026లో భారతదేశంలోని మొత్తం పెట్టుబడుల్లో 25శాతం, గత 24నెలల్లో 240 బిలియన్ డాలర్ల పెట్టుబడులను ఏపీ ఆకర్షించిందని వివరించాను. ఇటీవల ఇండియా సెమీ కండక్టర్స్ మిషన్… pic.twitter.com/EDCwwqH243— Lokesh Nara (@naralokesh) July 6, 2026In another meeting, Mr. Lokesh urged LG Electronics to set up an engineering centre or Global Capability Centre (GCC) in Visakhapatnam and expand its India operations. He also proposed a component manufacturing ecosystem around Sri City, and sought collaboration in IoT and robotics research, besides a commercial chiller manufacturing unit in the State.LG Electronics India CEO Hong Ju Jeon said the company was investing ₹5,000 crore in its third Indian manufacturing plant, at Sri City, where commercial production is expected to begin by the end of the year. The plant is expected to create about 1,500 jobs and make air-conditioner compressors, refrigerators, washing machines and air conditioners. He said LG would study the Andhra Pradesh government’s latest proposals. Published - July 07, 2026 12:55 pm IST
