South Korean tech giant Samsung will be making an investment of Rs 4,825 crore in Uttar Pradesh to move its mobile and IT display production unit from China to India, said a UP government spokesperson.
On the other hand, the Uttar Pradesh government has decided to provide special incentives to Samsung Display Noida Pvt Ltd for setting up the manufacturing unit in Noida. The UP government spokesperson further said that the Samsung facility will be the first high-technique project of Samsung. The facility will become the third such unit in the world.