Samsung Invests 1,970 Crore in UP plant


Samsung India will contribute Rs 1,970 crore for multiplying limit at its Noida, Uttar Pradesh fabricating office by 2019-end, from where it plans to fare cell phones and white products.

A memorandum of understanding (MoU) was marked on Monday, between the state government and cell phones giant Samsung for setting up an assembling unit in Uttar Pradesh.

An assembling plant would be set up in Noida and the organization would likewise be making cell phones for the ambitious free Samajwadi Smartphone Scheme, declared by the Chief Minister. The plan would be taken off one year from now after the state get together surveys, if the Samajwadi Party (SP) comes back to control. Under the plan, free cell phones will be given to occupants of Uttar Pradesh – people more than 18 years and having a base educational qualification of matriculation.

Samsung began its Noida plant in 1996 and has since been making white merchandise and cell phones from the 1.3 lakh square meter office. A big ecosystem of suppliers in the National Capital Region has also come up since the South Korean organization started operations in the region. While in India, the organization has more than 40,000 workers, the Noida plant utilizes around 4,000 individuals.

Sources said that Samsung will get an extra 1.3 lakh sq m territory for development which will must be finished by 2019-end. Fabricating limit of cell phones and fridges from the plant will be multiplied – cell phones specifically will ascend to 12 million a month from 6 million a month – in the three-year time allotment.

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Madhurima Goyal, From ITvoir News Desk