Samsung investing $83M to ramp up mobile production in India

Summary:The South Korean electronics giant is expanding its India mobile production facilities, which could soon build the Galaxy S4, boosting the country's push toward becoming a high-end tech manufacturing hub.

Samsung plans to spend US$83 million (5 billion rupees) on expanding its Indian mobile production facilities.

samsung-sign
Samsung is investing $83M to ramp up mobile production in India.

The Hindu reported on Sunday that Samsung asked the government to approve the investment, according to an industry source.

“Samsung had approached government in this regard to take benefit of policy announcements and other incentives," the paper reported.
 
A Samsung India spokesperson confirmed the company was strengthening its local manufacturing presence. "It will fulfil our growing needs in the market. However we are not able to provide further details at this stage," the spokesperson said. In April, the South Korean manufacturer had said the Samsung Galaxy S4 would be constructed at its Noida facility.
 
The Indian government has recently revealed several initiatives and policies aimed toward its goal to be an electronics manufacturing hub . It is aiming for the sector to grow by more than five times to hit US$400 billion by 2020.

Topics: Hardware, India, Samsung

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Mahesh Sharma earned his pen licence in his homeland, where he covered the technology industry for ZDNet, SMH, Sky Business News, and The Australian--first as an FTE, and later as a freelancer. The latter fueled his passion for startups and empowered a unique perspective on entrepreneurs' passion to solve problems using technology. Armed... Full Bio

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