Samsung Electronics plans to invest an additional $ 624 million to expand its production of smartphones in India.

At the moment, the area of ??the Samsung smartphone factory in the Indian city of Noida (Uttar Pradesh) is 120 thousand. M2. The above amount will allow to increase the plant's area to 240 thousand. M2.

After the reconstruction, the factory will be able to produce each month not 5 million smartphones, as today, but 10 million. In addition, the same plant should increase the rate of production of refrigerators to 200 thousand. Units per month.

This plant, founded in 1997, deals with smartphones, refrigerators and televisions. Samsung has another plant in India, where washing machines and air conditioners are assembled, as well as refrigerators and televisions.