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Samsung planning to set up OLED display manufacturing unit in India

Samsung Electronics is in advanced stages of setting up a smartphone display manufacturing plant in India’s northern state of Uttar Pradesh, according to India’s lead investment promotion body, Invest India. As per the letter seen by Reuters, the facility should be fully functional in 2021 and Samsung hopes to create 1,300 jobs with the new initiative. 

An MoU was already signed with the government of UP in 2019 over the said facility and the smartphone major looks to invest 53.67 billion rupees ($705.75 million) into the project. Despite the plan, Uttar Pradesh’s minister for industrial development, Satish Mahana said the incentives were under consideration and a decision is yet to be taken. 

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