Samsung says to invest $296 million to expand India plant

Last Updated: Tue, Oct 18, 2016 10:44 hrs
Signage is seen at the Samsung 837 store in the Meatpacking District of Manhattan, New York, U.S.

MUMBAI (Reuters) - Samsung Electronics Co Ltd will invest 19.7 billion rupees ($295.83 million) to expand its plant in northern India, the company said in a statement.

The plant in Noida, near New Delhi, makes mobile phones, refrigerators and televisions.

($1 = 66.5919 Indian rupees)

(Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu)

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