Friday, 13 July 2018

After Samsung, UP govt promises land to electronics majors

CM Adityanath

Enthused by Korean electronics major Samsung launching the world’s biggest mobile handset unit in Greater Noida, the Uttar Pradesh government has said it would help other consumer electronics companies seeking industrial land for their plants.

While Chinese electronics companies such as Haier and Vivo are planning to set up their manufacturing units in Greater Noida, mobile phone component manufacturers are also scouting for suitable land for their respective factories in the region.

“We would provide all necessary support, including land to electronics manufacturing companies to set up their units in UP,” state industrial development minister Satish Mahana told Business Standard adding the government was already in the process of providing land to Haier and Vivo.

In April 2018, top Chinese smartphone brand Xiaomi had hosted 50 of its global component suppliers based in Japan, Korea and Taiwan in Greater Noida for a ‘Suppliers’ Summit’ to showcase opportunities in India. These suppliers were also taken to Andhra Pradesh as an alternative destination. Xiamo has pegged potential investment in the segment at almost Rs 150 billion with Greater Noida pegged as the preferred location.

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