The India Cellular and Electronics Association (ICEA) on Friday signed a memorandum of understanding (MoU) with the UP government to facilitate investments as the electronics manufacturing and skill hub to cater to domestic demand and .
Image: Samsung Galaxy S20 FE
As reported by India Today.in, South Korean tech giant Samsung will make an investment of Rs 4,825 crore in Uttar Pradesh with the aim to move its mobile and IT display production unit from China to India. This information is shared with the publication by an Uttar Pradesh government spokesperson. Also Read - Samsung testing phone with iPhone-like camera technology for better stabilisation
The report further noted that 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 spokesperson also highlighted that the Samsung facility will be the first high-technique project by the tech giant in the country. The reported that the facility will become the third such unit in the world. Also Read - Samsung Galaxy F62 gets a price cut in India: New price, features and more