Samsung’s Sriperumbudur unit goes on stream

Samsung Electronics has opened its second manufacturing facility in India at Sriperumbudur, 44 km to the west of here, to cater to its growing consumer base in southern India as well as increase its exports to countries in the South Asian region. The US$ 30 million facility, which was inaugurated by the Chief Minister M. Karunanidhi on Tuesday, will manufacture flat televisions, LCD televisions and home appliances.

“The growing demand for our products in the south, coupled with the strong infrastructure, the port facilities and the Tamil Nadu Government’s investor-friendly policies, prompted us to set up this new facility,” H. B. Lee, President and CEO, Samsung South West Asia Regional Headquarters, said. Southern India is the company’s largest consumer base in the country, contributing to 34 per cent of its overall revenue.