Thursday, December 26, 2013: Samsung has some interesting plans lined up for the Indian market. A few government sources have informed NDTV that Samsung has plans to invest in India about Rs 3500 million in one year to ramp up its electronics production.
An official told PTI, “Electronics manufacturing policy has been attractive. Samsung has again proposed to invest about Rs 3500 million in its electronics plant. This is in addition to about its Rs 4 billion investment made for the mobile phone facility.”
This amount will be invested in production of flat panel TVs and washing machines.
After government’s decision to impose 36 per cent import duty on flat panel TVs, Samsung has been on the gaining end. Reportedly, about 1 million TVs were coming in the country as accompanied baggage in a year.
