Home
Mobiles
Mobiles News
Samsung Electronics Says in Talks With Indian States on New Factory

Samsung Electronics Says in Talks With Indian States on New Factory

By Reuters | Updated: 7 March 2015 12:55 IST

Click Here to Add Gadgets360 As A Trusted Source

South Korean technology giant Samsung Electronics Co Ltd said on Friday that it was in talks with Indian state administrations about building a third manufacturing plant in the country.

"While we are in talks with the state governments, nothing has been decided," Samsung said in a statement. It didn't say how much it might invest, nor what products any new plant might make.

The Economic Times reported earlier on Friday that Samsung was considering building a new plant to make smartphones and other electronic goods. The paper, citing an unnamed source, said Samsung may invest between $500 million and $1 billion in the new plant.

Developing...

© Thomson Reuters 2015

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.