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Samsung to invest Rs 40 billion to expand its Noida manufacturing plant

June 06, 2017

Samsung Electronics is planning to invest around Rs 40 billion towards the expansion of its mobile manufacturing plant in Noida in Uttar Pradesh. The investment includes the Rs 20 billion amount which the company had announced to invest in the same plant in 2016.

The investment will be made over the coming years until 2019-20. It will also include a doubling of the refrigerator production capacity, but mobile phones will be the larger focus with annual capacity to expand to about 12-13 million units a year, up from five million at present.

Meanwhile, Samsung is also planning to set up another plant of the same size near to its existing plant in Noida.

 
 

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