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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

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

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