Samsung to infuse Rs 5,000 crore to expand Noida manufacturing plant

South Korean consumer electronics major Samsung will invest nearly Rs 5,000 crore in a smartphone display manufacturing facility in Noida.

The export-oriented unit (EOU) is expected to be ready by January-February 2021 and attain commercial production by April 2021.

“So far, the company has already invested about Rs 1,500 crore in the greenfield plant. Once the unit is operational, India would become only the third country in the world having Samsung’s smartphone display manufacturing facility,” UP industrial development minister Satish Mahana said here.

He claimed the plant was among the big projects, which had shifted to India post covid-19 outbreak in China. The project is expected to create nearly 1,500 jobs.