Samsung Electronics says in talks with state govts on new factory

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.

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)