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Make In India: After Investing Rs 4,825 Crore, Samsung Begins Production Of Mobile Display Panels At Its Noida Factory


Make In India: After Investing Rs 4,825 Crore, Samsung Begins Production Of Mobile Display Panels At Its Noida Factory
PM Modi at Samsung’s plant in Noida (Representative Image) (@MEAIndia/Twitter)
In a big boost for Make in India, South Korean technology major Samsung has begun the production of mobile display panels at its factory in Uttar Pradesh (UP) s Noida, reports
Economic Times.
While the move will result in significant value addition and give a boost to the local manufacturing, the company is now set to further ramp up the production to also manufacture IT display panels in India.
It should be noted that for the project, Uttar Pradesh government approved special incentives as a result of which the company has invested Rs 4,825 crore to relocate its mobile and IT display manufacturing unit from China to Noida. ....

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Samsung's display arm begins production of mobile display panels in Noida


Samsung s display arm begins production of mobile display panels in Noida
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​​Besides a financial provisioning of Rs 250 crore from the state government for this project for five years, Samsung will also get financial incentive of Rs 460 crore under the Centre’s Scheme for Promotion of Manufacturing Electronic Components and Semiconductors.
Samsung was the only handset company to have met its targets under the PLI scheme for 2020-21.
Samsung has started production of mobile display panels at its Noida factory this month, a move that will expand the contribution of locally sourced components for the South Korean smartphone maker’s devices and increase domestic value addition. The company will soon ramp up production to make IT display panels as well. ....

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Make in India: Samsung relocating China mobile display factory to UP with Rs 4,825cr investment


Top phones 2020
Ever since the COVID-19 pandemic broke, the world has come to a standstill. Businesses got hugely impacted and things are only starting to get back to normal now. As countries still struggle to find solid ground amidst the chaos, India just signed a multi-core deal with Samsung in a major boost to its Make in India initiative.
Samsung – the world leader in smartphones among other electronics – has chosen India as its next base for mobile display manufacturing. This comes at the cost of China losing the South Korean tech titan as the mobile and IT display production unit will be relocated to NCR in Uttar Pradesh. ....

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Samsung LED Unit In Uttar Pradesh Is Another Step Towards Make In India Push: Officials


Samsung LED unit in Uttar Pradesh is another step towards Make in India push: officials
The Yogi Adityanath-led Uttar Pradesh government is also in talks with other companies that are looking to move out of China to set up shop in the state.
December 15, 2020 / 03:20 PM IST
Samsung LED display manufacturing unit is the first high-technique project of the South Korean firm, which is being relocated to India from China
In further push to Make in India, the Uttar Pradesh government recently announced that it would provide special incentives to Samsung Display for setting up a manufacturing unit for mobile and IT display products in Noida. ....

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