- Samsung said that the plant will produce displays for smartphones and other electronics devices
- Samsung had opened a factory in Noida in 2018
Samsung is investing $500 million in its India operations to set up a manufacturing plant on the outskirts of New Delhi. This plant will produce displays.
It had disclosed the investment and its plan in a filing to the local regulator earlier this month. Samsung said that the plant will produce displays for smartphones and other electronic devices. In the filing, the company also revealed that it has allocated some land area from its existing factory in Noida for this new plant.
$700 million for Noida factory opened in 2018
Samsung had opened a factory in Noida in 2018. It had spent about $700 million for that factory. The company had claimed that it was the world’s largest mobile manufacturing plant.
At this moment, Samsung is the second-largest smartphone player in India which has the world’s second-largest market with nearly 500 million smartphone users.