Innogress signs MoU with UP govt for Robotics Technology Park in Gr Noida

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Lucknow, Feb 22, 2018
Innogress, a global research analyst to advisory firm, has signed a Rs 2,000 crore Memorandum of Understanding( MoU) with the Uttar Pradesh government on Thursday for its intent 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.

Innogress’ MoU has intent to promote and build ‘Greater Noida Robotics Technology Park’ (GNRTP) in a Multi Partner SPV (Special Purpose Vehicle) route having potential of investment of more than Rs 2,000 crore (USD 300 Millions), leading to direct employment generation for around 1,000 people and indirect employment to around 3,000 people.

Expressing his view at MoU signing ceremony held here, Mr Sumant Parimal, Global Director of Innogress, said, ”Robotics has emerged as 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.

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