India Mobile Market – Investors Paradise
India mobile market has always attracted foreign players as well as indian players. It has become a fierce battle ground not only for grabbing market share , but also for Investment.
Recently, Maxx Mobilink announced investment in manufacturing plant. Lava is also planing to invest in couple of places, factory at Noida and Nokia Chennai Plant.
Now, In recent notification, Samsung is also willing to invest over 500 crores in Noida plant for manufacturing Mobile Phones. This plan was inaugurated by UP CM, Akhilesh yadav.
Appreciating UP Mega Policy, Hyun Chil Hong, Samsung India CEO stated ” Samsung is thankful to be partner in UP Mega Policy. ”
As already decelared at the launch of Tizen Mobile, Samsung Z1 will also be manufactured in india. Samsung India further plans to invest in R&D facilities also.
Currently, Samsung India employees over 45,000 and plan to employee more.