Samsung invests $500 million for new smartphone display manufacturing plant in India

Samsung is investing $500 million to set up a new plant in Delhi for manufacturing smartphone displays, technology news website Tech Crunch reported on Monday.

The South Korean smartphone-maker disclosed its investment and the plans for the plant to a local regulator earlier this month, the report said.

Samsung had previously invested $700 million to build its existing manufacturing plant at Noida in 2018. It was then claimed to be the largest mobile phone manufacturing plant in the country. The upcoming plant will also utilise a few acres of land from this existing plant.