Samsung to invest USD 20 million in India to expand operations

Samsung to invest USD 20 million in India to expand operations

Samsung India has said that the parent company plans to invest around USD 20 million to expand their operations in the Indian market. This money would be invested in Research and Development unit in the country and the company aims to earn 27 per cent of its revenues from the IT segment.

Samsung India also has plans to open 15 IT stores in the country this year. The company just recently launched their new range of “Eye Fresh Technology” (EFT) monitors, which they claim has a milder effect on the human eye. These monitors are available in 15 inch and 17 inch screen size segments.

The company has already invested as much as 150 million dollars in India since 1996.

Samsung is also aiming to continue their domination in the Display products in the Indian market. The company has an impressive 42 per cent share in the CDT monitors and 55 per cent share in LCD monitors in India.