Samsung heir likely to make investment announcement in India: Report

South Korean firm Samsung Electronics Vice-Chairman Lee Jae-yong, who is in India right now, may announce investment plans to expand the company’s presence in the world’s second largest smartphone market, according to reports.

Jee-yong, the only son of hospitalized Samsung Group chief Lee Kun-hee, arrived in India on Sunday and was briefed by Samsung Electronics officials in Mumbai over the company’s mobile business here, Korean news agency Yonhap reported quoting sources.

“… the South Korean tech giant may make further investment to expand its presence in the world’s second-largest smartphone market,” Yonhap added.