Samsung to manufacture printers in India

Korean-major Samsung announced the setting-up of its second plant in India, to
be located at Sriperumbudur near Chennai, for manufacturing color televisions,
color monitors, printers and other technology products apart from a whole range
of white goods. Significantly, this would be the first time that Samsung would
be producing printers from an Indian facility.

Addressing the media after signing a memorandum of understanding (MoU) with
the Tamil Nadu government, Ravinder Zutshi, Deputy MD, Samsung India
Electronics, said that the second manufacturing complex in Sriperumbudur,
Chennai would be set up at an investment of $100 million on 120 acres over five
years.

“While 30 acres would fall under Special Economic Zone (SEZ), and 50 acres
would be under the Direct Tariff area. Another 40 acres has been allocated for
the 100 plus vendors, who cater to Samsung facility,” he informed.

Zutshi said that the facility would be developed in two phases.

“While in the first phase the company would be investing $70 million
between 2006-09 for producing color television sets, color monitors, printers
and other technology products, another $30 million would be invested in the
second phase to enhance the production capacities for the products,” he
informed. The company plans to produce about 1.5 million units of monitors and
televisions and another one million units of printers per annum

CYBERMEDIA NEWS