According to the Uttar Pradesh government, Samsung will be making an investment worth Rs 48.25 billion to relocate its mobile and IT display production unit from China to Uttar Pradesh.

The UP government’s cabinet headed by chief minister Yogi Adityanath approved special incentives to Samsung Display Noida Private Limited on December 11, 2020.

Further, the state government added that Samsung will also receive financial incentive to the tune of Rs 4.6 billion under Scheme for Promotion of Manufacturing Electronic Components and Semiconductors (SPECS).