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Samsung India plans capex for 2009

Saturday, 18 Jul 2009
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Samsung India Electronics intends to invest $20 million (approx Rs 96 crore) in 2009 to enhance production for the current calendar year.

The proposed funds are expected to be used to augment its Noida plant, near Delhi, to one million units from 0.6 million units. Besides, the company has a facility in Chennai with a capacity of 1.5 million units of televisions sets per annum. The company is now started manufacturing washing machines and has set a target to produce 50,000 washing machines.

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