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| Samsung to make more in India, invest Rs 2,500 CR | Writer | Admin | |||
|---|---|---|---|---|---|
Electronics behemoth Samsung has lined up fresh investment of around Rs 2,500 crore to turn its India operations into a hub for components business, two senior industry executives said. The investments could be ramped up further.
Separately, Samsung venture capital arm — Samsung Venture Investment Corp — has set up operations in India to fund startups in electronics hardware or software businesses. The component companies will supply products to both Samsung India and other smartphone vendors who currently source components from Samsung’s overseas operations. Samsung sees a big opportunity for component business considering the government’s thrust on ‘Make in India’ where tax on imported mobile phone components and and consumer electronics is going up. |
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