Samsung To Invest $620 Million In India To Double Smartphone Production

Samsung To Invest $620 Million In India To Double Smartphone Production

Samsung is apparently considering a new $620 million investment in India and the company plans to increase its smartphone production in the country.

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Samsung has plans to double its smartphone production in India with its new $620 million investment.

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Samsung is apparently planning to setup a new production line and the company has apparently purchases land next to its production facility in Noida.

The current production facility measures 120,000 square meters and Samsung is looking to double this to 240,000 square meters.

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This new manufacturing plant will allow Samsung t0 produce 10 million smartphones very month, the current production from the existing plant is 5 million units.