Samsung mobile display can get manufactured in India

Samsung Display, a flat-screen supplier to Samsung Electronics Co, said on Monday it was considering building a factory in India with a $500 million investment as parent Samsung Electronics seeks to expand smartphone production there.

Under the plan, Samsung Electronics will provide ₹3,500 crore in loans and transfer a parcel of land in Noida for ₹92 crore to its display unit, Samsung India Electronics Private Ltd said in a filing dated Jan. 3.

Samsung Electronics started making smartphones in Noida on the outskirts of the capital New Delhi in 2018. Last year, it stopped production in China where it had to contend with competition from domestic rivals.