In parallel, LG Corp, the holding company of the LG Group, is investing ₹1,000 crore to establish a global R&D centre in Noida, focusing on electronics innovation and technology design. The new facility is expected to create approximately 500 jobs, further enhancing India ’s role in LG ’s global operations. Korean multinational LG Electronics is planning to shift the production of some of its newer capital goods businesses to India , it aimed at expanding its manufacturing base and strengthening local production capabilities. LG to shift capital goods production to India Rs 1,000 crore Noida R&D center to create 500 jobs Strong market debut boosts investor confidence LG Electronics is expanding its manufacturing footprint in India by shifting production of select capital goods from Korea, China, and Vietnam. In a strategic pivot, LG Electronics is evaluating the potential relocation of a portion of its factory equipment production to India , reflecting a positive outlook on the country's burgeoning electronics sector. Meanwhile, LG Corp has announced the upcoming establishment of a global research and development hub in Noida, projected to generate around 500 new employment opportunities.
