Samsung is said to have got plans in the works to expand its production capacity in India with amn investment of ₹2,500 crore (~$360 million). The Korean giant has plans to set up two new NV. plants for local manufacturing of cell phone displays and batteries. This new round of speculation comes after the organization introduced the world’s largest mobile factory in India a year ago.
One of the assembly factories Samsung Display Co will be located in Noida and Samsung is said to have signed an agreement with the state government. The plant will gulp ₹1,500-crore (~$217 million) and is expected to become operational by April next year. Samsung SDI , on its part, will invest about ₹900-1,000 crore (~$130-144 million) in India to set up an assembling factory for production of lithium-ion batteries. Samsung SDI India has likewise finished its administrative filings with the Registrar of Companies (RoC) and expect to conclude the process before India’s general elections.
The products from the two new plants will be provided to both Samsung India as well as other smartphone makers who presently source parts from Samsung.
(source)
