Samsung to start production of mobiles at Manesar
Chandigarh, Mar 4 (UNI) Samsung Telecommunications India Pvt Ltd -- a group company of the Korea-based Samsung Electronics Corporation Ltd -- is starting commercial production at its mobile handsets manufacturing facility at IMT Manesar near Gurgaon in Haryana from March seven.
Stating this today, Haryana State Industrial Development Corporation (HSIDC) Managing Director Rajeev Arora said Chief Minister Bhupinder Singh Hooda would inaugurate the factory.
He said the Samsung project was an outcome of the visit of a high-level delegation led by Mr Hooda to South Korea late last year.
During the visit, the delegation had a meeting with Samsung Electronics President Ki Tae Lee. Mr Lee had informed that his company was planning to set up several units outside South Korea and Haryana figured prominently in their list of investment destinations.
Samsung's mobile handsets manufacturing unit was the first major project set up by a Korean multinational in Haryana. The project had been set up on leased premises at IMT Manesar within a record period of less than four months, Mr Arora said.
The project, he said, was covered under 100 per cent foreign direct investment with the South Korean company investing about Rs 43 crore in the first phase. Samsung was planning to invest around Rs 850 crore for the manufacture of mobile phones in India by the year 2010. The company had a target of achieving handset sales of more than ten crore units during 2006.
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