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© samsung Electronics Production | January 20, 2020

Samsung’s planning Indian smartphone display plant

The South Korean tech-giant is reportedly planning a USD 500 million investment to set up a display manufacturing plant in India.

The company is planning to construct the facility in the outskirts of New Delhi, where it will produce displays for smartphones, and other electronics devices, according to a report in TechCrunch citing a filling to local regulators. Samsung has set its eyes on Noida as a location for the plant and has already allocated some land area from an existing factory. The company opened a factory in Noida back in 2018 – which it claimed was the world’s largest mobile manufacturing plant – after committing to invest about USD 700 million. The new manufacturing facility would aid the South Korean company to further increase its capacity to produce smartphone components locally; and thus access tax benefits that New Delhi offers. Benefits that could help the company as it faces competition from Xiaomi, which has a strong hold on the Indian market, the report continues.
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June 09 2020 11:27 am V18.6.11-2