Samsung Telecommunications is planning to invest U.S. $15 million for a mobile phone manufacturing unit in India.
Samsung President, Ki Tae Lee, said, "Samsung Telecommunications is planning to set up several units outside South Korea, and Haryana in India was on its list of investment destinations. This is part of Samsung's plan to invest in Haryana in a phased manner."
Haryana chief minister, Hooda, had invited Korean companies to invest in the electronics and information technology and assured them that no stone would be left unturned by state government to make their initiatives successful.
The move followed Nokia's announcement to set up a manufacturing facility in Tamil Nadu. Other major players, including LG and Motorola, are also planning to set up facilities in India to tap the booming cellular market. (EFY Times)
to Daily News