Samsung India Electronics today reported extension of its Noida plant with an investment of INR 1,970 crore, fortifying its commitment to ‘Make in India’ and ‘Make for India’.
The Government of Uttar Pradesh approved the investment by Samsung India Electronics under Super Mega A by the state’s Cabinet Committee in Lucknow today. A Memorandum of Understanding was marked between Uttar Pradesh Chief Secretary, Shri Rahul Bhatnagar and Mr. HC Hong, President and CEO, Samsung India Electronics, within the sight of Honorable Chief Minister Shri Akhilesh Yadav.
Speaking on the occasion, Shri Akhilesh Yadav, said, “Noida is the symbol of Uttar Pradesh and India’s industrialization and growth ever since the economic liberalisation twenty years ago. Samsung has been our partner in this growth right since 1996. It has created thousands of jobs, supported business, developed the service sector, and helped give global recognition to Noida. Today’s MoU is yet another step in converting Noida into the electronics hub of India. I am happy Samsung is pioneering this transformation yet again.”
Mr. HC Hong, President and CEO of Samsung India, said, “In line with our commitment to ‘Make in India’ and living by our promise to ‘Make for India’, we are pleased to receive the Uttar Pradesh Government’s approval to invest in the state and expand our manufacturing base here in India. As digitization expands across the country, we are witnessing an increase in the adoption of electronic devices, appliances and mobile phones. A bigger and more robust manufacturing facility will help us address the needs and demands of our growing customer base across the country and the region. We plan to further the Samsung innovation promise across our Refrigerator, Mobile and LED TV range, offering the latest and best of the world to our customers.”
Samsung began its Noida plant in 1996 and keeps on giving cutting edge technology and enriching experiences for customers crosswise over India from the Noida plant, with a large ecosystem of suppliers in the National Capital Region. As a dependable citizen, Samsung is included in community development around the facility at Noida and over the state of Uttar Pradesh through contributions to education, skill development and healthcare initiatives.
In a voyage that began in 1995, Samsung set new benchmarks in innovation led manufacturing and shopper promoting, and built up itself as a really national brand. Along the way, it adequately united its position in India with two factories, three R&D centres and a design centre, employing more than 40,000 individuals and building up the largest sales and service network by any company in the nation. By not just satisfying its dedication to ‘Make in India’, additionally living its guarantee of ‘Make for India’, Samsung has risen as a genuinely Indian company on the most fundamental level.
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