Samsung says to invest $296 million to expand India plant
The logo of Samsung Electronic is seen at its headquarters in Seoul, South Korea, in this file photo taken on April 4, 2016. REUTERS/Kim Hong-Ji/File Photo
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
MUMBAI (Reuters) - Samsung Electronics Co Ltd will invest 19.7 billion rupees ($295.83 million) to expand its plant in northern India, the company said in a statement.
The plant in Noida, near the Indian capital New Delhi, makes mobile phones, refrigerators and televisions.
(Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- DuPont reports steep drop in quarterly profit
- Indonesia jails Australian man for 15 years for molesting girls
- Mediterranean three times more deadly than 2015: U.N.