Samsung to set up $15-m handset manufacturing unit
Submitted by Varun Krish on December 10, 2005 – 11:11 am
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New Delhi , Dec. 9
KOREAN electronics major Samsung, on Friday, announced its plans to invest $15 million to set up a mobile handset manufacturing facility in India.
The factory will be set up at Gurgaon, Haryana. This is Samsung’s fourth overseas handset manufacturing facility in the world after China, Brazil and Mexico. The facility will have an initial capacity of 1 million units per year, which will be stepped up to 20 million units by 2010.
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