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Samsung to manufacture printers in India

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CIOL Bureau
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CHENNAI: Korean-major Samsung today announced the setting-up of its second plant in India, to be located at Sriperumbudur near Chennai, for manufacturing Colour televisions, Colour monitors, printers and other technology products apart from a whole range of white goods.

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Significantly, this would be the first time that Samsung would be producing printers from an Indian facility.

Addressing the media after signing a Memorandum of Understanding (MoU) with the Tamil Nadu Government, Ravinder Zutshi, deputy managing director of Samsung India Electronics, said that the second manufacturing complex in Sriperumbudur, Chennai would be set up at an investment of $100 million on 120 acres over five years.

“While 30 acres would fall under Special Economic Zone (SEZ), and 50 acres would be under the Direct Tariff area. Another 40 acres has been allocated for the 100 plus vendors, who cater to Samsung facility,” he informed.

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Zutshi said that the facility would be developed in two phases.

“While in the first phase the company would be investing $70 million between 2006-`09 for producing colour television sets, colour monitors, printers and other technology products, another $30 million would be invested in the second phase to enhance the production capacities for the products,” he informed.

The company plans to produce about 1.5 million units of monitors and televisions and another one million units of printers per annum it is learnt.

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Talking on the occasion, S H Oh, president and CEO of Samsung South West Asia Regional Headquarters, said that the company was looking at the new facility becoming a global manufacturing hub for Samsung.

“This facility will be manufacturing products not only for the domestic market but for the export market as well,” he added.

The construction of the facility is scheduled to start in January 2007 and the production would be commencing by August 2007, and is expected to provide direct employment to over 2500 people, after full implementation of the project.

© CyberMedia News