Samsung Electronics today announced plans to make an investment of Rs 1,970 crore in India to expand its manufacturing plant in Noida.
The Uttar Pradesh Government approved the investment by Samsung India Electronics under Super Mega A by the state’s Cabinet Committee in Lucknow. Uttar Pradesh Chief Secretary Rahul Bhatnagar and HC Hong, president and CEO, Samsung India signed Memorandum of Understanding (MoU), in the presence of Chief Minister Akhilesh Yadav.
“As digitization expands across the country, we are witnessing an increase in the adoption of electronic devices, appliances and mobile phones. A bigger and more robust manufacturing facility will help us address the needs and demands of our growing customer base across the country and the region,” said HC Hong, president and CEO of Samsung India.
Samsung India plans to further the Samsung innovation promise across its refrigerator, mobile and LED TV range. Samsung is India’s leading smartphone supplier. Samsung started its Noida plant in 1996.
