Samsung may set up mobile handset plant in India

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

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.