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Samsung to set-up plant at Sriperumbudur

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CIOL Bureau
New Update

R Jai Krishna

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CHENNAI: After telecom majors Nokia and Motorola setting-up their plants in Sriperumbudur, an upcoming telecom manufacturing hub near Chennai, Korean-major Samsung Electronics is all set to establish its own facility.

According to official sources, Samsung has applied for 80 acres of land in the area, earmarked for the Electronic Manufacturing Services (EMS) companies and plans to invest Rs 500 crores.

The company is expected to formally sign an agreement with the Government of Tamil Nadu in the next couple of days.

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“Samsung will manufacture electronic consumer durables, colour monitors, apart from mobile handsets and base stations,” sources told CyberMedia News.

The move comes barely a month after Prime Minister Manmohan Singh as well Union Communications and IT, Dayanidhi Maran indicating that Samsung might set-up its facility at the recent launch of Flextronics facility late last week.

Moreover, Hyunchul Ryu, managing director, Samsung Telecommunications India had said in a statement, during Mobile Asia 2006, that the company would be expanding its capacity to three million by next year.

The Sriperumbudur plant would be Samsung’s second facility in India after the one at Manesar.

© CyberMedia News

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