Lg india: LG to shift capital

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 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 will relocate the production of high-tech machinery and equipment —critical to electronics and display manufacturing—from its existing plants in Korea, China, and Vietnam to India . This aligns with LG ’s strategy to diversify supply chains and leverage India ’s robust industrial ecosystem.