Samsung Begins Mobile Display Panels In Noida Unit
Korean consumer electronics major Samsung has said that it has started production of mobile display panels at its Noida factory this month. The move is expected to expand the contribution of locally sourced components and increase domestic value addition. The firm would soon ramp up production to make IT display panels as well.a
Apart from the financial provisioning of Rs 250 crore from the state government for this project for 5 years, Samsung will also get the financial incentive of Rs 460 crore under the Centre government’s scheme for Promotion of Manufacturing Electronic Components and Semiconductors.