MUMBAI: Samsung Electronics plans to double the production capacity for mobile phones and fridges at its main factory in India, expanding in a country where US rival Apple Inc has started assembling phones.
The South Korean company said in a statement on Wednesday it would spend Rs 49 billion ($764 million) over three years to expand the factory on an additional 35 acres at the site on the outskirts of New Delhi.
It also makes televisions at the plant.
India is the world’s second biggest smartphone market and it’s fast becoming a battleground for handset makers vying for a bigger share as sales in Asian powerhouse China start to lag.
“Samsung would want to reduce their dependence on manufacturing in Vietnam and shift more operations to India,” said Tarun Pathak, Associate Director at technology research firm Counterpoint. — Reuters
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