Samsung Electronics, a leading company in the consumer and durable electronics market, has a display manufacturing arm named Samsung Display. Earlier this year, the company announced the expansion of its operations in India.
Now, the South Korean giant has said that it is sending hundreds of employees to India as the company is looking to wrap up the construction of its OLED production plant at Noida City of Gautam Buddh Nagar district in Uttar Pradesh.
As per the report, members of the team will leave on Saturday and will go through COVID-19 testing at the New Delhi airport. They will be quarantined before visiting the factory and start working to finish the construction of the facility.
Samsung Display had formed a regional subsidiary in India in the month of July in 2019. The factory, which will be making OLED panels, should be operational sometime in the first half of next year, i.e. H1 2021.
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A couple of months ago, it was reported that the company could be investing around $705.75 million to set up the facility, which is expected to create around 1,300 jobs. Samsung will get tax benefits and other incentives from the Indian government for setting up this new display plant.
Samsung Display currently has three OLED plants in China, nine plants in South Korea, and one plant in Vietnam. The company has already announced that in order to focus on OLED and QLED, it will exit the LCD business.
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