Korean appliance producer Samsung Electronics has announced plans to invest U.S. $5 million in its research and development facility in India and will more than double the facility’s manpower next year.
Set up in 2000, the Indian R&D facility has already developed the sound-oriented Q series of color televisions and expects to be able to design CTVs meant for the Indian market by 2004, a senior Samsung official said.
"We are working towards strengthening the Samsung Electronics India Ltd. research and development function for home appliances this year, specially for the refrigerator product category, " said C. K. Cho, general manager of R&D for Samsung India. "In 2004, we will go in for designing CTVs for the Indian market in India."
Mr. Cho also confirmed that Samsung has "earmarked an R&D investment of $5 million in 2004," with plans to increase manpower to 300, which is more than double the facility’s current manpower. (Asia Pulse)
to Daily News