Samsung Plans To Double Its Smartphone Production In India

Samsung plans to double its smartphone production in India with a massive investment to expand its current Noida, Uttar Pradesh production line. The development will take place with land purchased next to the existing plant, and reports out of South Korea citing industry and government sources state that a groundbreaking ceremony to mark the project will take place on June 7. Samsung Electronics is set to spend 40 billion rupees (around $ 621 million), more than twice the amount that the company originally planned to invest when the expansion was first announced in October 2016. At that time, the company intended to invest 19.7 billion rupees (around $ 306 million).

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