Samsung today announced that it will invest INR 1,588 crore in Sriperumbudur, near Chennai, to build a new compressor manufacturing plant. Sriperumbudur is one of two Samsung factories in India, having been established in 2007. The company and the government of Tamil Nadu today signed a Memorandum of Understanding (MoU) for the new plant, which would develop and improve the state’s component ecosystem. Continue reading “Samsung signs MoU with TN Govt to set up compressor manufacturing plant with Rs. 1,588 crore investment”