• search

Samsung to invest 20 million dollars this year in India

Written by: Staff

Bangalore, Apr 4 (UNI) Unveiling a new range of consumer electronic products in the form of digital cameras, digital camcorders and MP3 players, Samsung India today announced a 20 million Dollar investment in the country to enhance its presence and increase production at its Noida unit.

Company Deputy Managing Director R Zutshi told newspersons at the launch function here that the company aimed at growing by 20 per cent in revenue over the 2005 turnover of Rs 6,300 crore. Consumer electronics contributed to nearly 54 per cent of the revenue, with the balance coming from IT and telecom sectors.

He said that during the last five years, Samsung had made an investment of 20 million Dollars for R and D in India. The total investment by Samsung in India to date was around 150 million Dollars.

The products introduced today included the world's first MP3 player with camera, YP-D1, a DVD camcorder, besides the world's longest built-in 15x zoom, eight megapixel professional digital still camera.

''Product innovation, technology leadership and design continue to be thrust areas for Samsung,'' he said, adding that the new range of products exemplified the company's commitment to introduce breakthrough technology products in the Indian market.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more