Samsung Plans to Build its Third Manufacturing Plant in India

South Korean electronics major recently briefed the media that it is already in talks with the several state governments in India over setting up of its new factory.

Published: 06th March 2015 12:25 PM  |   Last Updated: 06th March 2015 12:25 PM   |  A+A-

SEOUL: 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.

"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, an Indian business newspaper, 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. (Reporting by Se Young Lee; Editing by Kenneth Maxwell)


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