Samsung to invest ₹4,825 crore to relocate display unit from China to India

Tech giant Samsung likely to invest ₹4,825 crore to shift its IT and Mobile display production unit from China to Noida of Uttar Pradesh. The Government of Uttar Pradesh will also give stamp duty exemption worth ₹250 crore in transfer of land.

Uttar Pradesh Government also said “The new project is likely to generate 1,500 direct employment and scores of indirect jobs.” The South Korean company will also receive ₹460 crore financial incentive under a central Government scheme.

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