Samsung invests Rs 5,000 cr to expand Noida unit, double manufacturing

With about 30 mobile manufacturing companies setting up bases in Noida and Greater Noida, the government wants to develop these areas as a hub of electronics manufacturing on the lines of Singapore.

Noida boasts of manufacturing units of almost all big companies, including Samsung. The South Korean conglomerate on Wednesday announced another investment of Rs 4,915 crore to expand its facility.

The investment is expected to create 5,000 direct and 15,000 indirect jobs. At this facility, Samsung produces smartphones, refrigerators and flat TVs.

Samsung plans to increase capacity to make 100 million phones in India by 2020, which will be