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

| | Lucknow
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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.

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