As part of its ‘Make in India’ and ‘Make for India’ initative, South Korean giant has announced today that it will be investing Rs.1,970 crores for expansion of its Noida plant near Delhi, which was commissioned in 1996 where range of Samsung produtcs are manufactured.
The Government of Uttar Pradesh approved the investment by Samsung India Electronics under Super Mega A by the state’s Cabinet Committee in Lucknow today. A Memorandum of Understanding was signed between Uttar Pradesh Chief Secretary, Shri Rahul Bhatnagar and Mr. HC Hong, President & CEO, Samsung India Electronics, in the presence of Honourable Chief Minister Shri Akhilesh Yadav, as stated by Samsung India in its press statement.
Mr. HC Hong, President and CEO of Samsung India, said, “In line with our commitment to ‘Make in India’ and living by our promise to ‘Make for India’, we are pleased to receive the Uttar Pradesh Government’s approval to invest in the state and expand our manufacturing base here in India. As digitization expands across the country, we are witnessing an increase in the adoption of electronic devices, appliances and mobile phones. A bigger and more robust manufacturing facility will help us address the needs and demands of our growing customer base across the country and the region. We plan to further the Samsung innovation promise across our Refrigerator, Mobile and LED TV range, offering the latest and best of the world to our customers.”
Samsung is true Indian company as it has two factories in Noida and Chennai, three R&D centres and a design centre. Samsung India employs over 40,000 people and has the largest sales and service network by any company in the country. Recently, it has launched more than 500 service vans for providing after sales service to the rural India at the door-steps of the consumers in remote areas which is a unique initiative.