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Samsung to Invest Rs 1500 crores to set up new plant in Sriperumbudur

Samsung is set to invest Rs 1588 crore to set up a new compressor manufacturing plant in Sriperumbudur close to Chennai.

The office will range across 22 acres and will have an ability to deliver 8,000,000 compressor units yearly.

The compressors made in this plant will be utilized in refrigerators that Samsung produces in India. It will likewise be utilized for export-oriented purposes.

The Tamil Nadu state government signed a memorandum of understanding (MoU) with this impact with the organization on Tuesday. The expressed intention is to extend and fortify the part environment in the state.

The Sriperumbudur plant is one of the two industrial facilities that Samsung runs in India. Its other creation office is in Noida.

The South Korean organization’s chief items, for example, the washing machines, air-conditioners (ACs), QLED TVs and coolers are made at its unit n Sriperumbudur. Certain innovative advanced apparatuses created around there are additionally sent out to different nations.

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