New Delhi : Korean multinational LG Electronics is planning to move the production of some of its newer capital goods businesses to India. These capital goods are used for setting up factories that produce electronic products, displays, and high-tech components. The shift is expected to take place from existing facilities in Korea, China, and Vietnam, according to reports.

This move is part of LG’s broader strategy to expand its manufacturing base in India and strengthen local production capabilities amid a global push for supply chain diversification. In a separate development, LG Corp, the holding company of the LG Group, is investing Rs 1,000 crore to establish a new global research and development (R&D) centre in Noida. Read Also LG Electronics IPO Buzz Grows, GMP Jumps Before Lis

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