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Samsung to invest 20 million dollars this year in India

Written by: Staff
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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.

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