Samsung planning to set up third manufacturing plant in India
With the Make in India campaign kicking off in the country, smartphone giant Samsung has revealed plans to expand its business operations in India.
According to sources, Samsung is currently in talks with state governments to expand its business operations in India by setting up a third manufacturing plant in India. This would also come in line with the governments ambitious Make in India campaign. The company already has plants in Noida and Tamil Nadu which account for the manufacture of 90 percent of the handsets sold in the country.
Speaking about the expansion plans, a Samsung spokesperson said, “Samsung Electronics sees India as a very important market. Being a leading player in the consumer electronics and durables business and India’s biggest television and smartphone manufacturer, we are committed to the idea of ‘Make for India. We can confirm that we are in talks with state governments, including the government of Uttar Pradesh, where we have a factory already.”