Business IdeasSamsung India to invest $20 mn in 2009
Samsung India Electronics is planning to invest $20 million (around Rs 100 crore) in 2009 to support its turnover target of $2 billion (around Rs 10,000 crore) for the current calendar year. The company also said it would double its export in 2009 to Rs 1,200 crore.
Speaking to reporters after launching company"s new range of fully Automatic Washing machines today at Chennai, R Zutshi, Deputy MD Samsung India said that the proposed investment will be used to enhance it"s Noida plant, near Delhi, to one million units from 0.6 million units.