Ravi Shankar

Ravi Shankar Prasad Clears Samsung Investment

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Telecom Minister Ravi Shankar Prasad has cleared an investment proposal of Samsung in the field of electronics manufacturing, a day before leaving for South Korea to woo investments from companies.

“I have cleared Samsung’s proposal under MSIPS (modified special incentive package scheme),” Prasad told reporters here, without disclosing details.

Samsung was among the first set of companies who showed interest in investing in India under MSIPS. Government in July 2013 had cleared Rs 406-crore investment proposal of Samsung in the field of mobile manufacturing. Original post at ET Telecom

Wahengbam Rorrkychand

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