Samsung India to expand Chennai facility at Rs.350 crore

CHENNAI - The Indian subsidiary of South Korean electronics major Samsung will expand its facility near here to make mobile phones and accessories, consumer electronics and information technology hardware at an outlay of Rs.350 crore.

For this, Samsung India Electronics Pvt Ltd signed a memorandum of understanding (MoU) with the Tamil Nadu government Wednesday.

According to state government officials, the company had in 2006 signed a MoU to invest Rs.450 crore to make consumer durables like washing machines, air conditioners and colour televisions.

The company has sought additional tax concessions for the fresh investment.

–Indo Asian News Service