Samsung India To Invest $100 Million In Chennai
Samsung India launched its second manufacturing facility in Sriperumpudur 
near Chennai, and the manufacturing unit was inaugurated by M. Karunanidhi, Chief Minister of Tamil Nadu.
According to a company official, the company will invest $ 100 million in four years for this plant.
Samsung India had signed the MoU with the Tamil Nadu government for the Sriperumbudur complex in November 2006, and its first manufacturing facility for colour televisions (CTVs) has come up within a year of the MoU. The facility has an annual capacity of 1.5 million flat TVs and 0.3 million LCD TVs. Samsung India manufactures 21-inch and 29-inch flat and ultra slim models as well as LCD models in the screen sizes between 19-inch to 32-inch at this facility.
R Zutshi, Deputy Managing Director, Samsung India Electronics Pvt Ltd said, “To begin with though the unit will only make CTVs, we are also looking at making fully automatic washing machines during the first half of 2008.”
“The first phase has come up on 20 acres of land over the allotted 80 acres and will manufacture 1.5 million flat TVs per annum and 0.3 million LCD TV's,” he added.
Zutshi said, “The company will invest $30 million in the first year to manufacture colour televisions for the domestic and export markets and the facility will initially employ 300 persons, which will go upto 2,500 persons on full implementation of the project.”
H.B. Lee, President and CEO, Samsung South West Asia (Regional Headquarters) said, “South India was emerging as the largest consumer durables market for the company this year and hoped this production unit will strengthen the position of the company further.”
Lee said, "We plan to work with and develop our vendor base in Chennai, so that we can continuously enhance our competitiveness. In the future, I am looking at the Sriperumbudur facility becoming a global manufacturing hub for Samsung operations."
"We will begin to manufacture home appliances like fully automatic washing machines early next year. The facility will become the global manufacturing hub for Samsung,” he added.
