Breaking News

Samsung’s Rs.4915 crore business expansion plans for India

Mobile major Samsung has revealed its major expansion plan in India with an investment of Rs.4915 crores to expand its existing facility thereby enabling it to produce 1oo million phones in India by 2020 which would be used to meet the demand both in the local as well as in the international market.

With over 30 manufacturing units already been set up in Noida and Greater Noida, the investment announced by the smartphone major is expected to create 5,000 direct and 15,000 indirect jobs.It is also to be noted that Samsung produces refrigerators and flat TVs at the same facility.This facility was the first to be set up by Samsung in India in 1996 which started producing televisions in 1997 and from 2005 onwards, mobile phone manufacturing has commenced.

H C Hong, president and CEO, Samsung Southwest Asia said “The investment reaffirms Samsung’s commitment to Make in India and Make for India and to the state of Uttar Pradesh.”

“The expansion of the plant on an additional 35-acre land, adjacent to the current facility, will double the production capacity of both mobile phones and refrigerators,” Samsung said in its statement.

Ravi Shankar Prasad, Union Minister of Information Technology said that the Government is thriving to make Noida and Greater Noida as the manufacturing hub.

About Admin


Comments are closed.

Scroll To Top