trending Market Intelligence /marketintelligence/en/news-insights/trending/asQY0duonnRN2qUsreIHgg2 content esgSubNav
In This List

Samsung to expand production capacity in India

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE


Samsung to expand production capacity in India

As expected, Samsung Electronics Co. Ltd. will double the production capacity for smartphones and fridges at its Noida factory in Uttar Pradesh, India.

The South Korean tech giant said June 7 it will spend 49.15 billion Indian rupees to expand the Noida facility on an additional 35 acres of land and that the investment will create thousands of new jobs.

The move by the Samsung Group unit follows Apple Inc.'s decision to start manufacturing iPhones in India.

As of June 7, US$1 was equivalent to 64.42 Indian rupees.