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Samsung invests $492m in India's first smartphone display plant

South Korean giant doubles down in India against China's Xiaomi, Oppo and Vivo

Samsung was the only smartphone vendor among the top five in India to report a drop in shipments during the third quarter of last year.   © Reuters

MUMBAI (NewsRise) -- Samsung Electronics is investing 35 billion rupees ($492 million) to set up India's first smartphone display manufacturing unit as the South Korean technology giant seeks to widen the range of products made in the South Asian country.

The move comes as Samsung Display, which supplies Apple and other big brands, is contending with slowing demand, rising competition from Chinese rivals and a shift to new technologies.

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