India investment body backs incentives for US$706 million Samsung display plant - letter

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Samsung Electronics should get tax and other incentives from Uttar Pradesh as the South Korean company looks to invest some 53.67 billion rupees ...

Samsung Electronics should get tax and other incentives from Uttar Pradesh as the South Korean company looks to invest some 53.67 billion rupees in a smartphone display manufacturing plant in the state, India's lead investment promotion body said in a letter.

Samsung expects to create some 1,300 jobs at the plant, the letter said. The facility is likely to begin operations in 2021, the source said. The investment by Samsung would be a plus for India which is vying with nearby rivals such as Vietnam to attract global smartphone companies under the government's"Make in India" drive.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in BE

Belgique Dernières Nouvelles, Belgique Actualités