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12th Nov 06
Samsung India sign MOU with Govt. of Tamil
Nadu to build factory in Chennai.
Samsung and Govt. of Tamil Nadu signed
Memorandum of Understanding to start manufacturing facility
in Sriperumbdur, Chennai. Samsung plans to invest up to $100
million over a five year time from next year onwards.
In recent times, Chennai is becoming
top destination for electronics manufacturing. This city is
getting all the attention and support both from industry and
Government. The natural advantage of Chennai is it's seaport;
very important in managing international shipments and logistics
for a manufacturing facility.
In phase 1, this facility will churn out 1 million to 1.5
million shipment units of all the consumer electronics and
home appliances you see in a typical home appliance shop.
In phase 2 production facility will be expanded for increased
production capability.
As the years pass, Samsung has plans to make this unit a global
manufacturing hub. The only other Indian manufacturing facility
of Samsung is in Noida, UP, which also houses R& D unit.
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