LG shifts production to India, invests ₹1,000 cr in Noida
Korean multinational LG Electronics is planning to move the production of some of its newer capital goods businesses to India. It's investing ₹1,000 crore to set up a new global research and development centre in Noida which will create around 500 jobs. The shift is expected to take place from existing facilities in Korea, China, and Vietnam, according to reports.