Samsung To Invest Rs 1,970 Cr To Expand Noida Plant


Samsung today said it will put Rs 1,970 crore in its current assembling plant in Noida and increase its creation limit. The venture has been endorsed by the state administration of Uttar Pradesh.

A Memorandum of Understanding was marked between Uttar Pradesh Chief Secretary, Shri Rahul Bhatnagar and Mr. HC Hong, President and CEO, Samsung India Electronics, within the sight of Honorable Chief Minister Shri Akhilesh Yadav.

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“Noida is the image of Uttar Pradesh and India’s industrialization and development as far back as the monetary advancement a quarter century. Samsung has been our accomplice in this development right since 1996. It has made a large number of occupations, bolstered business, built up the administration segment, and gave worldwide acknowledgment to Noida.

Today’s MoU is yet another progression in changing over Noida into the hardware center of India. I am upbeat Samsung is spearheading this change once more,” UP CM Akhilesh Yadav said.Mr. HC Hong, President and CEO of Samsung India, said, “In accordance with our dedication to ‘Make in India’ and living by our guarantee to ‘Make for India’, we are satisfied to get the Uttar Pradesh Government’s endorsement to put resources into the state and extend our assembling base here in India.

As digitization grows the nation over, we are seeing an expansion in the selection of electronic gadgets, machines and cell phones. A greater and more powerful assembling office will help us address the necessities and requests of our developing client base the nation over and the area. We plan to promote the Samsung development guarantee over our Refrigerator, Mobile and LED TV go, offering the most recent and best of the world to our clients.”

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