Samsung may give $500 million boost to make-in-India

SEOUL: Samsung Display, a flat-screen supplier to Samsung Electronics Co, will invest nearly $500 million to build a new factory in India, media reports said, citing a regulatory filing.
The South Korean company told Reuters that it was considering building a factory in India, without elaborating further.
The new factory will be built in Noida on the outskirts of New Delhi, according to reports by tech website TechCrunch and Indian newspaper The Economic Times. Noida is also home to Samsung Electronic’s phone factory.
The new display plant will help Samsung Electronics secure local supplies of one of the most expensive parts of a smartphone, at a time when the tech giant is struggling to fend off competition from Chinese rivals.