LUCKNOW: Samsung, the world’s leading electronics manufacturer, has shifted its display manufacturing plant in China to Noida in Uttar Pradesh.
In a press release, Samsung said in a press statement that the construction work of the plant has already been completed in Noida, headed by CEO Ken Kang, in talks with Chief Minister Yogi Adityanath.
Due to good industrial environment and investor-friendly policies, we have relocated the display unit in China to Noida. CM Yogi Adityanath has said that Samsung’s Noida factory is a good example of the success of ‘Make in India’ program, thereby helping the youth of the state to find employment in the state.
Last year, Union Information Technology Minister Ravi Shankar Prasad had said India and foreign companies would invest Rs 11 lakh crore in the next five years.
The Central Government has launched a Production Linked Incentives (PLI) project to transform India into a mobile manufacturing hub country. Launched for job creation, the project aims to produce 1.5 lakh crore mobile phones and accessories over the next five years. Many companies in the country and the world have been selected to take advantage of the PLI scheme.
The largest electronic equipment manufacturer in the world, the manufacturing plant is located on an area of 35 acres in Noida. This unit is ready for products such as smart phones, air conditioners, refrigerators, flat panel TVs, washing machines and many more.
The unit has the potential to produce about 1.2 crore mobile phones per month. Samsung currently manufactures 67 lakh smartphones in India.