News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 21 years ago
Rediff.com  » Business » Samsung may set up mobile handset plant in India

Samsung may set up mobile handset plant in India

March 07, 2003 16:22 IST
Get Rediff News in your Inbox:

Samsung Electronics Co, the world's third-largest handset maker, said on Friday it was considering building a mobile handset plant in India.

 

"We are reviewing the need to build a mobile handset plant in India, but we haven't made a decision yet," Samsung said in a filing to the Korea Stock Exchange. The technology company is also the world's largest memory chip maker.

 

Samsung aims to sell 52.5 million handsets this year, up 23 per cent from a year earlier, in a market that is estimated to grow to 435

million units.

 

Samsung, the world's fastest growing and most profitable maker of mobile phones, grew its sales by some 50 per cent last year while the worldwide handset market expanded around five per cent. It has achieved this growth by pioneering colour screens, musical ring-tones and camera phones.

Get Rediff News in your Inbox:
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 

Moneywiz Live!