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Electronics

Indian state approves incentives for Samsung display factory

Plant is being relocated from China, gives boost to New Delhi's manufacturing drive

The Samsung site will be located in the state of Uttar Pradesh.   © Reuters

NEW DELHI (Reuters) -- India's northern state of Uttar Pradesh on Friday said it will give financial incentives to South Korea's Samsung Electronics Co to set up a 48.25 billion rupee ($654.36 million) display factory.

Samsung is re-locating the factory to the state from China, the Uttar Pradesh administration said in a statement, a move that will help boost Prime Minister Narendra Modi's flagship drive to make India a manufacturing hub.

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