Samsung India to invest over Rs 350 crore in electronics plant

Advertisement
By Press Trust of India | Updated: 23 December 2013 22:39 IST
Korean major Samsung plans to invest in India about Rs 350 crore within a year to ramp up its electronics production, according to government sources.

"Electronics manufacturing policy has been attractive.

Samsung has again proposed to invest about Rs 350 crore in its electronics plant. This is in addition to about its Rs 400 crore investment made for the mobile phone facility," a government official told PTI.

The company plans to invest this amount in production of flat panel TVs and washing machines, he added.

Advertisement

No comments were received from Samsung on the matter.

Advertisement

Samsung has gained following a government decision in August to impose 36 percent import duty on flat panel TVs that were brought into India as part of baggage by passengers from abroad, the source added.

As per industry body Consumer Electronics and Appliances Manufacturers Association, about 1 million TVs were coming in as accompanied baggage in a year, which constitutes about 20 percent of the total market size of the country.

Advertisement

The production of flat panel TV in the country has grew by about 39 percent in September and 20 percent in October on annual basis.

In July, Department of Electronics and IT cleared Samsung proposal of Rs 406 to invest in handset manufacturing.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Oppo Enco Buds 3 Pro+ Review: Packs a Punch on a Budget
  2. Oppo K15 Turbo Pro Tipped to Launch With This MediaTek Chip
  3. Realme Watch 5 Review
  4. Samsung Galaxy TriFold Gets Folded 150,000 Times: Here's What Happened
  5. Samsung Drops Galaxy S26 Edge As Company Rethinks Ultra-Thin Phones: Report
  6. Why Apple Might Pay a 230 Percent Premium for iPhone 17 Pro RAM in 2026
  7. Google, OpenAI and Other AI Companies Sued by Group of Authors
  8. iPhone Fold Seen in Leaked Renders With Pixel-Fold Like Design
  9. ISRO's Baahubali Rocket Sends Heaviest Comms Satellite to Low Earth Orbit
  10. You Can Now Get Google One and Gemini Annual Plan for Half the Price
  1. New York Times Reporter, Authors Sue Google, OpenAI, Meta Over AI-Based Copyright Infringement
  2. Power Book IV: Force Season 3 OTT Release Date: Everything You Need to Know About Streaming, Plot, and More
  3. Middle Class Now Streaming Online: What You Need to Know About This Tamil Movie
  4. Tere Ishk Mein OTT Release Date Reportedly Revealed: When and Where to Watch it Online??
  5. Apple Expected to Pay 230 Percent Premium for iPhone 17 Pro RAM Chips In 2026: Report
  6. Apple's Foldable iPhone Seen in Leaked Renders With Pixel Fold-Like Design, Minimal Crease
  7. Fact Check: Is Microsoft Really Planning to Rewrite Windows 11 in Rust Using AI?
  8. Oppo K15 Turbo Pro Tipped to Launch With New MediaTek Dimensity 9500s Chip
  9. Samsung 6K 3D Odyssey G9, Four Other Monitors Unveiled Ahead of CES 2026
  10. Crypto Markets Stay Range-Bound, Traders Wary as Liquidity Remains Thin
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.