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Samsung Electronics says in talks with Indian states on new factory
Highlights
South Korean technology giant Samsung Electronics Co Ltd said on Friday that it was in talks with Indian state administrations about building a third manufacturing plant in the country.
South Korean technology giant Samsung Electronics Co Ltd said on Friday that it was in talks with Indian state administrations about building a third manufacturing plant in the country.
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"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.
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