Samsung says to invest $296 million to expand India plant

October 18, 2016 1:16 AM EDT

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


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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)



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