Samsung has been getting pretty big lately, in fact we even heard that they might be the ones manufacturing the next Qualcomm processor. Kind of ironic right? Samsung recently expanded their existing manufacturing plant in India, and now they are looking to add another one to their collection. This is a big deal, because India is another huge smartphone market. You typically see Chinese manufacturers tackle India after they've done well in China. We've seen Xiaomi do this recently, and OnePlus has even done it - in fact that's why they had to create their own custom ROM. The new plant is expected to be in Hyderabad, which happens to be the Silicon Valley of India.
The Chief Minister of Telangana State, Mr. K. Chandrasekhar Rao, stated during his inauguration of extended facility of Mahindra, and Mahindra's automotive plant. Later today, State Ministers for industry and information technology are going to be meeting with a delegation from Samsung. The state government will also launch a program pretty soon for which interested investors would be able to get all the approvals and clearances within two weeks of making an application.
Mr. Rao stated, "Hyderabad has a very large scope for electronic hardware industry. It will be a real single window with a chasing cell in my office. The hassle-free and corruption-free environment will boost industrialization and attract investment."Rao also stated that these industries will get round the clock quality power supply.
While Samsung already has a few facilities for manufacturing in India. It appears that they are looking to add some more. While labor probably isn't as cheap as it is in China, it's still quite cheap in India. We aren't sure whether this is for Samsung Mobile or possibly another sub-division of the company. I'd venture to guess that it's for Samsung Mobile, as they have been growing and growing lately, and show no real signs of slowing down anytime soon. Which is a good thing, and investors are loving it I'm sure. We should learn more pretty soon. Especially after the meeting with Samsung's delegation happens today.