Havells plans Rs 879 crore research centre in Noida
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Havells received an Invest UP letter of comfort for incentives under the Uttar Pradesh GCC-2024 policy for a proposed Centre of Excellence research centre in Sector 161, Noida. Planned investment is Rs 879 crore over the next few years. Incentives include 25% of eligible capital investment, capped at Rs 25 crore annually, paid in seven equal instalments after commercial operations begin, plus selected operating, payroll, recruitment and skill subsidies. Claims depend on policy conditions and verified investment, spending and employment.
The project may strengthen Havells research capabilities and future growth, while incentives are conditional and linked to actual eligible spending.