Samsung Electronics Co., Ltd. has announced an investment of Rs.4,915 crore in India. The investment will be used to add fresh capacity at Samsung's Noida plant, where the Company manufactures smartphones, refrigerators and flat panel televisions.

Samsung's investment reconfirms its commitment to ‘Make in India' and ‘Make for India' and to the state of Uttar Pradesh. Set up in 1996, the Noida plant is Samsung's first of two manufacturing units in India.

The expansion of the Noida plant on an additional 35 acres of land adjacent to the current facility will double the production capacity of both mobile phones and refrigerators, further consolidating Samsung's leadership in the mobile phones and consumer electronics segments. The investment proposal was recently approved by the Uttar Pradesh government under its Mega Policy.

A groundbreaking ceremony and traditional puja was held at the new site in the presence of government dignitaries and company officials.

Samsung's Noida plant was one of the first electronics manufacturing facilities set up in India in the early 1990s. The plant started with the manufacture of televisions in 1997. The current mobile phone manufacturing unit was added in 2005.

The expansion of the plant will act as a catalyst for the development of a robust electronics manufacturing ecosystem and is expected to generate thousands of new jobs, both direct and indirect, across the country. Samsung prides itself in being a key pillar of the Government's ‘Make in India' and ‘Digital India' initiatives.

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