Insta
Make In India: Samsung To Relocate Its Mobile And IT Display Production Unit From China To Uttar Pradesh
Uttar Pradesh CM Yogi Adityanath. (Subhankar Chakraborty/Hindustan Times via Getty Images)
In a remarkable development under India's Make in India and Atmanirbhar Bharat programmes to attract investments into the manufacturing sector, electronics major Samsung is going to invest Rs 4,825 crore to relocate its mobile and IT display production unit from China to Uttar Pradesh (UP), reports Economic Times.
Announcing the positive news, UP Government's spokesperson said that this would mark the first such high-technique project of South Korean multinational corporation which would be set up in India after relocating from China.
India would become only the third nation in the world to have such a Samsung unit.
Samsung's investment also gains significance as the company presently manufactures more than 70 per cent of the global display products used in televisions, mobile phones, tablets, watches et cetera.
Samsung has been betting big on India over the recent years, having already established the world's largest smartphone making facility in UP's Noida which was inaugurated by Prime Minister (PM) Narendra Modi in 2018.
The company is also the largest exporter out of Uttar Pradesh. Last fiscal the company had exported goods worth $2.7 billion out of the State and has set a target to export $50 billion worth of goods over the next five years.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
