Yesterday, the Uttar Pradesh government stated that it has determined to give special considerations to ‘Samsung Display Noida Private Limited’ which is investing Rs 4,825, for fixing up a manufacturing unit of mobile and IT display products in the state.
In a release, the government said, “The unit intends to invest Rs 4,825 crore. It could be made possible by the sustained efforts of the UP government to create an eco-system in NCR in sync with the intent of the Centre to make an export hub given because of the ever-increasing demand of mobile and other gadgets in the country and abroad.”
The project will provide Uttar Pradesh with a global identity as an export hub and will help the state receiving more foreign direct investment. The company will also get a financial incentive to the tune of Rs 460 crore under the Centre’s Scheme for Promotion of Manufacturing Electronic Components and Semiconductors.