January 28, 2015: With the Make in India drive going in full swing, Samsung Electronics India has announced an investment of Rs 5.17 billion for expansion of its plant in Noida under the Uttar Pradesh Mega Policy. Apart from Samsung, the Spice Group has also made an announcement to invest Rs 5 billion in order to set up a manufacturing plant in Uttar Pradesh.
According to a statement by Samsung, the company has put in place an online monitoring system which will facilitate real-time monitoring of expansion process and to check whether it meets the global quality standards.
Samsung Electronics has said that it has mad an investment in a contemporary unit spread over 3251.60 sqm within its manufacturing unit in order to focus on skill enhancement of its employees. That company has also said that they are strengthening their manufacturing infrastructure and will, over the time, expand the manufacturing capacity at this plant in order to meet increasing domestic demand for mobile phones. Recently launched, Samsung Tizen Z1, will be manufactured at the Noida manufacturing unit and a big chunk of the phone’s software will be developed at Samsung’s Noida Research Centre.
The Spice Group has also signed a MoU with the government of Uttar Pradesh for establishing a manufacturing facility in the state. The manufacturing unit is expected to boost Spice’s strategy to introduce more pocket friendly mobile internet devices across India by taking up domestic manufacturing.
Under the MoU signed by Spice Group with the government of Uttar Pradesh, the UP government will support Spice in setting up a manufacturing unit in the state in a stipulated time and will also help in arranging all the required infrastructure, ecosystem and incentives under a number of schemes announced by UP and central government.
