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Samsung to invest $84 million in India in order to boost their mobile production

Samsung sees opportunity in India, will invest $84 million to boost their mobile production capacity

| Business, Financial & Legal News | Posted: Jul 1, 2013 11:37 am

The Press Trust of India reports from industry sources that Samsung is set to invest more than $84 million in India in order to boost their mobile production capacity.

 

TweakTown image news/3/1/31480_01_samsung_to_invest_84_million_in_india_in_order_to_boost_their_mobile_production.jpg

 

The Next Web talked to a Samsung spokesperson who said that the South Korean company are looking to strengthen their manufacturing presence in India in order "to fulfill growing needs in the market." Not only that, but it looks like the Indian government have been approached by Samsung who hope to use incentives that the Department of Electronics and IT have been dishing out.

 

India is a huge emerging market, and with Samsung sitting right there producing handsets, it can only be win-win for all involved.

NEWS SOURCE
Thenextweb.com

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