Samsung to make more in India, invest Rs 2,500 cr - ET Telecom
2 May 2019 9:18 PM GMT
The Korean company has set up two new component manufacturing entities in India - Samsung Display Co and Samsung SDI India.
- Kolkata: Electronics behemoth Samsung has lined up fresh investment of around Rs 2,500 crore to turn its India operations into a hub for components business, two senior industry executives said.
- The Korean company has set up two new component manufacturing entities in India - Samsung Display Co and Samsung SDI India - for production of mobile phone display and batteries, respectively.
- Separately, Samsung venture capital arm - Samsung Venture Investment Corp - has set up operations in India to fund startups in electronics hardware or software businesses.
- Samsung sees a big opportunity for component business considering the government's thrust on 'Make in India' where tax on imported mobile phone components and consumer electronics is going up, the executives said.
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