Home Add to Favorite Contact Submit  
           17 August, 2022

Category:  Press » Technology


SAMSUNG India Electronics Pvt. Ltd. and the Government of Tamil Nadu Sign a Memorandum of Understanding to Build a Manufacturing Complex in Chennai

         Views: 3549
2006-11-12 21:17:56     
Samsung Electronics Co., Ltd.

Samsung India Electronics Pvt. Ltd., the digital technology leader, today announced that it has completed a Memorandum of Understanding (“MOU”) with the Government of Tamil Nadu, India to set up a second manufacturing complex in Sriperumbudur, Chennai , India to cater to the fast growing requirements for the company’s consumer electronics products in India . The project could mean an investment of up to US$ 100 Million over a five year time frame starting from 2007.

“The growing demand for our products in the southern India , the strong infrastructure available in the region coupled with its proximity to the port and the Tamil Nadu government’s investor friendly approach are the factors that prompted us to set up this complex in Chennai,” states Mr R. Zutshi, Dy Managing Director, Samsung India Electronics Pvt. Ltd. Under the Memorandum of Understanding, Samsung expects to commence the construction work on the 80 acres of land in Sriperumbudur in January 2007, and commence commercial operation in August 2007.

In the first phase, Samsung plans to first set up manufacturing facilities for colour televisions, colour monitors, refrigerators, air conditioners, washing machines, printers and other technology products. The facilities for colour televisions and colour monitors, to be set up in the first year itself, are expected to have a production capacity of 1.5 million units per annum and 1.0 million units per annum respectively. In the second phase of the project, the company plans to enhance the production capacities for the products mentioned above, that are being set up in Phase I.

“We expect to manufacture our advanced LCD TVs and LCD monitors in this complex as well,” states Mr. Zutshi. Samsung expects to provide employment to 2500 people after full implementation of the project.

“We are looking at the new facilities becoming a global manufacturing hub for Samsung and will be manufacturing products at this facility not only for the domestic market but for the export markets as well.” states Mr S. H. Oh, President & CEO, Samsung South West Asia Regional Head Quarters.

Samsung’s existing manufacturing complex at Noida, spreading over 30 acres, has production facilities for colour televisions, colour monitors, refrigerators and washing machines. The company also has R&D operations at its Noida complex – both for hardware (product customization) and software development, Samsung India Software Center (SISC) at Noida.

About Samsung India
Samsung India Electronics Pvt. Ltd. is a 100 per cent owned subsidiary of Samsung Electronics Co., Ltd. (SEC). SEC, the parent Company of Samsung India Electronics Pvt. Ltd , is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2005 parent company sales of US$56.7 billion and net income of US$7.5 billion. Employing approximately 128,000 people in over 120 offices in 57 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones, and TFT-LCDs.

Specialized in: Understanding - Tamil Nadu - Memorandum
URL: http://www.samsung.com
Print press release      Bookmark this page
Related Press releases 
Munich service robot can provide support during the COVID 19 pandemic (Popularity: ): Munich, Bavaria ( press.abc-directory.com ) April 8, 2020 - The technology company Robotise wants to help quickly alleviate current staff shortages in hospitals, doctors' practices and nursing homes.The company is modifying its JEEVES service robot for this purpose. The 1.10-meter-high robot has been used primarily for minibar and room service in hotels until now. But the robotic butler will now be used as an autonomous assistant for the health sector. ...
OTT Hydromet launches self-draining rain sensor (Popularity: ): Kempten, Bavaria ( press.abc-directory.com ) September 10, 2018 - The OTT Hydromet Group is one of the leading providers of hydro logical and meteorological sensors. These include various measuring systems for the detection of liquid and solid precipitation. These can be used in both cold and warm climate zones. Recently, the precipitation sensor family has been joined by two new models: The maintenance-free, radar-based Lufft WS100 in 2017 and the ...
Shenzhen Eelink Communication Technology Co., Ltd. Now Launches 4G GPS Vehicle Tracking Device (Popularity: ): Shenzhen, Guangdong ( press.abc-directory.com ) June 12, 2018 - Shenzhen Eelink Communication Technology Co., Ltd. is an experienced and highly acclaimed company that produces and sells communication terminal products. They currently manufacture a massive quantity of GPS personal tracker, GPS vehicle tracker, GPS tracking system and GPS Tracker OEM products.When asked about their newly invented product, "Our innovative products and solutions are developed with the best industry standards to suit ...
Hodusoft Proudly Announce UNICEF has Opted For Their HoduCC Call Center Solution (Popularity: ): Hodusoft, a division of Ecosmob, a global VoIP technologies leader, proudly announced that UNICEF have opted to put in place Hodusoft’s HoduCC contact center software for use in Afghanistan, primarily for their polio campaign for children in that country. UNICEF operates in 190 countries to protect rights of children and to improve their lives. Communication with field operatives and with people as a whole is tough in Afghanistan that has ...
Convergia Offers Free Consultations for Businesses to Learn About SIP Trunking (Popularity: ): Miami, Florida ( press.abc-directory.com ) October 6, 2017 - Convergia US, with offices in Miami, Orlando, and Tampa, Florida, an international service provider and technology integrator, has announced the availability of free consultations with IT experts, to learn how SIP (Session Initiation Protocol) Trunking can streamline business communications and increase productivity.Benefits of SIP Trunking include lower domestic and long distance calling rates, Direct Inward Dialing (DID) capabilities, toll free service ...

Press release home snapshot 

Related Business 
Country Vacations India (Popularity: ): Tamil Nadu is one of the most important states in the country situated in the Southern part of India. Chennai (formerly known as Madras) is the capital of Tamil Nadu. Tamil Nadu boasts of more than two thousand years of cultural history. The state is home to some of the finest ancient temples of the country, including a rich tradition of classical dance and music.
Guideline Value (Popularity: ): Tamil Nadu guideline value is the value of the land as determined by the Tamil Nadu government, based on its own metrics of facilities and infrastructure growth in that locality. Tamil Nadu has a minimum guideline value of Rs.10 per sqft to a maximum of Rs.23500 per sqft. Guideline Values are revised periodically to have them in sync with the market value. Guideline Values in respect of all areas in ...
Indian Election Results (Popularity: ): Tamil Nadu Election 2011 held on 13-Apr-2011 and was completed successfully across 33 major districts and 234 constituencies.AIADMK,DMK are the chief alliances of Tamil Nadu Election 2011. Tamil Nadu is one of the prominent states in India and the Assembly elections are of great importance and influential too.
Tamilnadu Tourism (Popularity: ): Tamilnadu tourism provides information about tamilnadu india, Details on temples, monuments, beaches, hill stations, wildlife tour packages. Explore the cities of Tamil Nadu like Chennai, Madurai, Mahabalipuram with Tamil Nadu tourism. These cities of Tamilnadu are treasure trove to numerous colonial structures built in Dravidian style of architecture.
Seeknext IT Solutions Pvt .Ltd. (Popularity: ): Slashsms.com provides reseller SMS service in Bangalore, Chennai, Mysore, Tamil Nadu, Kolkata, Ahmedabad, Gujrat, Pune and Chandigarh India. To know more about our reseller SMS services call now!
Security Systems Chennai India. (Popularity: ): ATSS-Security System Chennai India-Home Security System India,CCTV Video Security System India,Access Security System India,Fire Alarm Security System,Electronic Security Systems,India,CCTV Chennai,Tamil Nadu,India.Active Total Security Systems is a Premiere Manufacturer of Burglar Alarm Systems in the registered brand name of ATSS ® at Chennai, Tamil Nadu, India. We manufacture complete range of Burglar Alarm Systems. We offer a wide range of Burglar Alarms with different features in a flexible cost differences, so ...
Web Designing Company India (Popularity: ): Dotcom House is a professional Website designing and development company located in Chennai, Tamil Nadu ,India. We have over 5 years of experience in web designing and web development.Dotcom House is a professional Website designing and development company located in Chennai, Tamil Nadu ,India. We have over 5 years of experience in web designing and web development.Dotcom House dedicated to provide web based solutions to small and large sized businesses. ...
Samsung INDIA: Refrigerator (Popularity: ): Samsung has been dedicated to making a better world through diverse businesses that today span advanced technology, semiconductors, skyscraper and plant construction, petrochemicals, fashion, medicine, finance, hotels, and more. Our flagship company, Samsung Electronics, leads the global market in high-tech electronics manufacturing and digital media.
Trivam Solutions (Popularity: ): Design, hosting and domain registration services. Located in Chennai, Tamil Nadu, India.
Dot Com Infoway (Popularity: ): Offers site design, e-commerce, graphics and hosting. Located in Chennai, Tamil Nadu, India.