Samsung Electronics Vice-Chairman Lee Jae-yong arrived in India on Sunday sparking conjectures that the South Korean giant could invest further in the country to broaden its presence in the world’s second-largest smartphone market.
Lee arrived on Sunday and was briefed by Samsung Electronics officials in Mumbai over the company’s mobile business there, according to the sources. It is believed to be Lee’s first visit to India since March.
Industry sources speculated that Lee could hold a meeting with Mukesh Ambani, the chief of India’s leading conglomerate Reliance Industries, during his India visit. Lee is likely to meet Prime Minister Narendra Modi and Reliance Industries Chairman Mukesh Ambani this week, reports Yonhap news agency.
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Samsung is one of the equipment suppliers for Reliance Jio’s 4G network business. With the Indian telecom firm planning to establish a 5G network in the country, industry observers speculate that the two moguls may consult on the issue if there is a meeting. Chances are, there will be some interesting news to come out of this when it eventually happens.
Outside of 4G networking, the company has also been a big player in the Indian mobile space for a long time. In July last year, Samsung India set up one of the world’s largest mobile manufacturing facilities in Noida, Uttar Pradesh. PM Modi and South Korean President Moon Jae-in inaugurated the 35-acre Samsung Electronics facility.
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