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‘Make in India’: Samsung Plans To Set Up Third Manufacturing Plant In India To Make Electronic Goods, Smartphones

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Samsung Electronics is considering setting up its third manufacturing plant in India, a move that would consolidate the South Korean company’s hold on a key market and provide a big push to the government’s ‘Make in India’ campaign. The company, among India’s largest multinationals, is scouting for land in Uttar Pradesh, Tamil Nadu and Gujarat for a new plant to make electronic goods, including smartphones, people familiar with the matter said.

A Samsung spokesperson confirmed the company’s plans. “Samsung Electronics sees India as a very important market. Being a leading player in the consumer electronics and durables business and India’s biggest television and smartphone manufacturer, we are committed to the idea of ‘Make for India’,” the spokesperson said. Original post at ET Telecom

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Wahengbam Rorrkychand

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