New Delhi: South Korean tech giant Samsung will invest Rs 4,825 crore in Uttar Pradesh to move its mobile and IT display production unit from China to India, a UP government spokesperson said.
On its part, the UP government will provide special incentives to Samsung Display Noida Pvt Ltd for setting up the manufacturing unit in Noida,
w.indiatoday.in/” target=”_blank” rel=”noopener noreferrer”>India Today reported.
“… [This] is in sync with the intent of the Centre to make an export hub in view of the ever-increasing demand of mobile and other gadgets in the country and abroad,” the spokesperson said.
The spokesperson added that the facility will be the first high-technique project of Samsung in India and the third such unit in the world.
According to a report by Business Today, the Noida unit is expected to generate direct employment for 510 people apart from indirect employment.
Samsung already has a mobile manufacturing unit in Noida, which was inaugurated by Prime Minister Narendra Modi in 2018.
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