Yesterday, a delegation of Samsung led by Southwest Asia President & CEO Ken Kang met Uttar Pradesh’s Chief Minister Yogi Adityanath. The committee said that Samsung built the Display Manufacturing Unit in India due to a better industrial environment, which was located in China.
According to the official press release (via BusinessToday), the Korean tech giant took the decision to ditch its display manufacturing unit from China and establish it in India because of the country’s investor-friendly policies and better industrial environment.
On June 21, Samsung officials confirmed that the company has completed the construction of the display manufacturing unit that is shifted from China to Noida in Uttar Pradesh. The delegation stated that the construction work displays the commitment towards India and to make Uttar Pradesh a manufacturing hub.
The report also suggests that the Chief Minister said, “Samsung’s Noida factory is a classic example of the success of the ‘Make in India’ program and this will help the youth of the state to get employment in the state.” Furthermore, CM Yogi assured the delegation that the govt will continue to extend help to the Samsung company in the future as well.
Another boost for Make in India – Due to the better industrial environment and investor-friendly policies, Samsung shifts display manufacturing unit from China to UP's Noida https://t.co/8ryP7KpYUu
— Piyush Goyal (@PiyushGoyal) June 21, 2021