Reported by Andriod Authority, Samsung this week announced an investment of $ 763 million, to increase production capacity at the factory Noida, Uttar Pradesh, India. Samsung produces smartphones, refrigerators, and flat panel televisions in the factory.
Through that investment, Samsung aims to strengthen its commitment to support local government's "Made in India" initiatives. In addition, also because the company has a program "Make for India", which is targeted directly to Indian consumers.
"The new investment of 4,915 crore Rupees is a legacy of our ongoing commitment to 'Make in India' and Uttar Pradesh, which has been our partner since our trip began in India.Loyal support from the state and local authorities in Noida has helped the vision of 'Make for India 'We come true, "said President and Chief Executive Officer (CEO) Samsung Asia Southwest, HC Hong.
The plant expansion will not only help strengthen the manufacturing ecosystem and is expected to generate thousands of new workers. Rather it also makes Samsung a key partner in local government "Make in India" and "Digital India" initiatives.
The factory in Noida is one of Samsung's two manufacturing units in India and was established in 1996. It was also one of the first electronic manufacturing facilities established in India in the early 1990s, and started with television production in 1997. While the mobile manufacturing unit There now, added in 2005.