Samsung Sets Up Display Manufacturing Unit In Noida, UP

- Advertisement -

In December last year, Samsung had revealed that it would invest Rs 4,825 crore to relocate its mobile and IT display production unit from China to Uttar Pradesh

South Korean electronics major Samsung Electronics has announced that it has completed the construction of a display manufacturing unit in Uttar Pradesh’s Noida. The unit was shifted from China to the state. 

- Advertisement -

In December last year, Samsung had revealed that it would invest Rs 4,825 crore to relocate its mobile and IT display production unit from China to Uttar Pradesh. This, according to the state government, is likely to generate 1,500 direct employment and scores of indirect jobs in the state. 

The Yogi-led government had also announced that it approved special incentives for the manufacturing unit, which included a rebate in stamp duty from the UP govt and a subsidy in capital investment under the Central scheme. 

A delegation of Samsung led by the company’s Southwest Asia President & CEO Ken Kang called upon Uttar Pradesh Chief Minister Yogi Adityanath. It said that owing to the better industrial environment and investor-friendly policies, Samsung decided to establish the Display Manufacturing Unit, which was located in China, in Noida, and the work of establishing it has been completed.

The delegation mentioned that the construction work displays the commitment towards India and to make Uttar Pradesh a manufacturing hub.

During the meeting with the delegation, the chief minister said that Samsung’s Noida factory is a classic example of the success of the ‘Make in India’ programme, and added that this will help the youth of the state to get employment in the state.

Adityanath assured the delegation that the state government will continue to extend help to the Samsung company in future as well.

The company already has a big mobile manufacturing unit in Noida, which was inaugurated by Prime Minister Narendra Modi in 2018. 

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

AI Startup Funding Drops 10% YoY In 2023

0
With total investment falling by 10%, 2023 recorded AI startup backing of $42.5 billion, a decline after hitting the peak in 2021 as per...

Electric 2-Wheelers May Cost Less Than ICE Models in 4-5 Years: Report

0
In a scenario where a subsidy of ₹15,000 per kWh is provided, it is anticipated that the upfront cost parity for short- and mid-range...

Thoughtworks And AWS Unveil SDV Pulse For Industry Megatrend Navigation

0
Global technology consultancy and Amazon Web Services have released their first annual report, designed to assist automakers in quickly maximizing the potential of software-defined...

Buzz

Bharat Electronics Secures Export Worth $2.3 Billion For Fy25

0
BEL receives a $2.3 billion export order for TR modules, boosting India's self-reliance and export potential in defence manufacturing. On Friday, Bharat Electronics Limited (BEL)...

Systrome Technologies Opens Electronics Manufacturing Facility in Thiruvananthapuram

0
To leverage quality telecom equipment production and local employment, Systrome Technologies recently inaugurated a new factory in the state capital of Kerala. A new manufacturing...

Hybrids Struggle For Incentives In Uttar Pradesh; Only FAME II-Certified Vehicles Eligible

0
Senior industry executives noted that Uttar Pradesh is looking to align hybrid and electric vehicle (EV) incentives with the central government's FAME II guidelines....

Important Sectors

Bharat Electronics Secures Export Worth $2.3 Billion For Fy25

0
BEL receives a $2.3 billion export order for TR modules, boosting India's self-reliance and export potential in defence manufacturing. On Friday, Bharat Electronics Limited (BEL)...

Systrome Technologies Opens Electronics Manufacturing Facility in Thiruvananthapuram

0
To leverage quality telecom equipment production and local employment, Systrome Technologies recently inaugurated a new factory in the state capital of Kerala. A new manufacturing...

Hybrids Struggle For Incentives In Uttar Pradesh; Only FAME II-Certified Vehicles Eligible

0
Senior industry executives noted that Uttar Pradesh is looking to align hybrid and electric vehicle (EV) incentives with the central government's FAME II guidelines....

Hindustan Zinc Partners With Serentica for RE Solutions

0
Aiming for sustainability, Hindustan Zinc is integrating 450 MW of renewable energy into its operations across Rajasthan through a partnership with RE firm Serentica. Hindustan...

Cyient Announces Establishment Of Semiconductor Subsidiary

0
A new subsidiary acquires Cyient's semiconductor technology business, focusing on designing and selling specialised analogue mixed-signal chips using a fabless model amid India's semiconductor...

Manufacturing

India, Russia Partners To Boost India’s Defence Capabilities

0
Backed by Russia, HAL aims to produce and export Sukhoi Su-30 fighter jets in Nashik to enhance India's aerospace prowess and export potential. India's state-owned...

Zapp And Bounce Infinity Partner On Scooter Production at Bhiwadi Plant

0
The partnership will facilitate the manufacturing and distribution of Zapp's i300 electric urban motorcycles across India. Zapp Electric Vehicles Group Limited has unveiled a strategic...

Empowering Innovation: The Role of MSMEs in India’s Defence Sector

0
If large industries are the “face” of the Indian economy as they provide the most visible aspect, then the MSMEs are surely the “firm...

Quality Control With AI-Driven Optical Inspection

0
This collaboration combines optical inspection technology with high-performance Edge AI hardware, significantly improving printed circuit board assembly efficiency, reducing waste, and enhancing overall process...

River Mobility To Invest INR 1,000 cr In New EV Plant

0
River Mobility is gearing up to invest in the automotive industry with a new INR 1,000 crore plant in Telangana, strategic expansions, and robust...