Electronics major LG Electronics plans to spend Rs 400 crore on research and development activities worldwide, besides laying emphasis on developing design and research facility in India.     

From this year onwards, we are planning to double the R&D investment to Rs 400 crore. The focus this year will be on setting up a design centre and a research and development facility at our Greater Noida unit in India, LG Electronics Vice President Simon Hahm said.     

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Air-conditioners (commercial and residential ACs), along with other consumer durables such as refrigerators, television sets are manufactured at the company's facility here.     

LG's AC manufacturing facilities are spread all across the globe, including China, Vietnam and Turkey and products manufactured at these units are sold all over the world, including India.     

"India's commercial AC market is growing 20 per cent on year-on-year basis..We would like to tap that market," Hahm said.

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