Global research firm signed a Rs 2,000 crore MoU with UP Govt

| | Lucknow
1 2 3 4 5
  • 0

Global research firm signed a Rs 2,000 crore MoU with UP Govt

Friday, 23 February 2018 | PNS | Lucknow

Innogress, a global research firm, has signed a Rs 2,000 crore Memorandum of Understanding ( MoU) with Uttar Pradesh government on Thursday and intends to build a World Class Robotics Technology Park in Greater Noida.

The park will have Innovation CoE (Center of Excellence), R&D, Engineering to Manufacturing facilities for Robotics with an objective of creating a market place in Robotics-based products and services.

The Innogress’ MoU intends to promote and build ‘Greater Noida Robotics Technology Park’ (GNRTP) in a multi-partner SPV (Special Purpose Vehicle) route with a potential of investments of more than Rs 2,000 crore (USD 300 Millions), leading to direct employment for around 1,000 people and indirect employment to around 3,000 people.

Expressing his view at the MoU signing functtion at lucknow , Global Director of Innogress, Sumant Parimal said, ‘’Robotics has emerged as a high-interest area for Global investors & entrepreneurs.”

“If India wants to be a leading player in knowledge-based economy, then investments in Artificial Intelligence and Robotics are going to be critical success factors,” Parimal said.

Trending News

more

State Editions

Delhi to get first commercial BESS

18 March 2025 | Pioneer News Service | Delhi

Police targets organised crime

18 March 2025 | Pioneer News Service | Delhi

People will witness real change in next 100 days says Verma

18 March 2025 | Pioneer News Service | Delhi

MCD approves key proposals amid chaos

18 March 2025 | Pioneer News Service | Delhi

PhD entry rules broken, says DUSU president

18 March 2025 | Pioneer News Service | Delhi

Delhi to get first commercial BESS

18 March 2025 | Pioneer News Service | Delhi

Sunday Edition

A Wasabi- Filled Night

16 March 2025 | SAKSHI PRIYA | Agenda

Indian women redefine possibilities

16 March 2025 | Abhi Singhal | Agenda

The Courage to Knock

16 March 2025 | SAKSHI PRIYA | Agenda

Delhi’s Biggest Food Fair

16 March 2025 | Abhi Singhal | Agenda

Chai bina chain kahan re....

16 March 2025 | Abhi Singhal | Agenda

Food Freak | An Ode to Asian Cuisine

16 March 2025 | Pawan Soni | Agenda

A Wasabi- Filled Night

16 March 2025 | SAKSHI PRIYA | Agenda

Indian women redefine possibilities

16 March 2025 | Abhi Singhal | Agenda