NOIDA: LG has signed an agreement with the Noida Authority to invest Rs 1,000 crore in establishing a Global Research and Development Centre at its Phase-II industrial plot, officials said on Tuesday.
Spread across 21,329 square metres, the facility will focus on advanced innovation and create around 500 direct jobs. Noida Authority CEO Lokesh M said the project will strengthen the region’s technology ecosystem. LG officials added that the investment reinforces Noida’s position as a hub for high-tech research.