Samsung Electronics says in talks with state govts on new factory

Samsung Electronics says in talks with state govts on new factory

"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.

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(Photo: Reuters)(Photo: Reuters)
Se Young Lee
  • Mar 6, 2015,
  • Updated Mar 7, 2015 3:55 PM IST

South Korean technology firm Samsung Electronics said on Friday that it was in talks with state governments about building a third manufacturing plant in India.

"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.

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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.

(Reuters)

South Korean technology firm Samsung Electronics said on Friday that it was in talks with state governments about building a third manufacturing plant in India.

"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.

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Related Articles

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.

(Reuters)

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