Prime Minister Narendra Modi met with Samsung Electronics Co Ltd Vice-Chairman Jay Y. Lee with the latter reiterating the Korean tech giant’s commitment to the people of India as a strategic partner.
Lee and Modi discussed Samsung’s role in the Make in India and Digital India initiatives. Lee, who has taken up a larger role in the company after his father and Samsung chairman Lee Kun-Hee became unwell, explained how Samsung is committed to growing India as an important production base and central R&D hub.
Lee expressed that Samsung’s ultimate goal is to emerge as a true local business from its present role as a foreign investor. He further mentioned that Bbesides Make in India, Samsung is also committed to ‘Make for India’, an initiative to create meaningful local innovations for the Indian consumers, adding that the company will work actively with local communities towards this.
On Wednesday, as a precursor to the visit, the company had announced its Make for India initiative through advertisements, listing its two manufacturing units in Chennai and Noida as well as the design centre in Noida and research labs in Bengaluru, Delhi and Noida.
By Baishakhi Dutta
