Saturday, November 23, 2019
Samsung Electronics Increasing Investment in India
Strategic Global Base
Samsung Electronics Increasing Investment in India
  • By Cho Jin-young
  • December 13, 2016, 01:45
Share articles

Samsung Electronics will become the local company in India employing the largest number of this year’s Indian Institute of Technology (IIT) graduates by hiring more than 300.
Samsung Electronics will become the local company in India employing the largest number of this year’s Indian Institute of Technology (IIT) graduates by hiring more than 300.

 

According to industry sources, Samsung Electronics is planning to hire more than 300 engineers before the end of this year at its R&D centers located in India.

It is likely that Samsung Electronics, in doing so, will become the company employing the largest number of this year’s Indian Institute of Technology (IIT) graduates. “The 23 campuses of the IIT are home to India’s best young engineers who can contribute to the innovation of Samsung,” said Samsung India.

These days, Samsung Electronics is increasing its investment in the Indian market. For instance, it decided in October this year to expand its manufacturing facilities located in Noida, Uttar Pradesh by investing approximately 340 billion won (US$306 million). The purpose of the investment is to double its smartphone production volume in India. At present, about 45,000 Indians are working for Samsung in India.

Earlier on September 15, Samsung Electronics vice chairman Lee Jae-yong met with Prime Minister Narendra Modi in New Delhi. There, the vice chairman said that his company would make efforts to contribute to the future of India. “We will maintain our cooperative relationship with the Indian government and Samsung India will become one of our most important strategic points,” he said.