06-Nov-2026 12:48:33
Havells India Plans ₹879 Crore R&D Centre in Noida, Secures UP Government Incentive Support
Havells India plans to invest ₹879 crore over the coming years to establish an advanced Centre of Excellence and R&D facility in Sector 161, Noida. The company has received a Letter of Comfort from Invest UP under the state's GCC Policy 2024, making the project eligible for capital incentives covering 25% of qualifying investment, capped at ₹25 crore annually. The facility aims to strengthen Havells' research, product development and innovation capabilities, with additional operating and employment-related incentives available subject to policy conditions.