Though Samsung has two plants that manufacture a wide range of electronics, the move by it to set up a dedicated unit for manufacturing components for refrigerators is considered significant
Samsung is reportedly planning to invest over Rs 1,500 crore in making refrigerator compressor units in Tamil Nadu.
A Memorandum of Understanding (MoU) to set up a manufacturing plant was recently inked between Samsung and Tamil Nadu government, however the details of the MoU have not been released. The Deccan Herald, however, has reported while citing sources that it was to establish a component manufacturing unit in the state.
The sources added that the state government has been holding talks with Samsung to expand its facilities and to invest in sunrise sectors like manufacturing of semi-conductors.
Tamil Nadu touched base with Samsung asking it to make use of the Product-linked Incentive (PLI) Scheme rolled out by the Centre to manufacture chips in the country.
Though Samsung has two plants that manufacture a wide range of electronics, the move by it to set up a dedicated unit for manufacturing components for refrigerators is considered significant.
The southern state, which currently accounts for 20 per cent of national production in electronics and hardware, feels it is placed at an “advantageous position” in attracting investments in the semiconductor space.
