SEOUL (Reuters) - Samsung Electronics Co Ltd said on Wednesday it was considering building a mobile phone plant in India, the world's fastest growing major wireless market.
India had 63 million mobile phone users as of August and its rock bottom tariffs are luring about 2.5 million new users into the booming market each month.
"Given the Indian market's importance, we have been considering a mobile phone plant there," a spokeswoman for the South Korean firm said by telephone. "But there is nothing concrete yet".
South Korea's Yonhap News agency cited an unidentified source as saying that Samsung was looking at potential sites in Noida, near New Delhi, and Mumbai.
The investment size had not yet been set, the source was quoted as saying.
Motorola Inc, the world's second-largest mobile phone company, said in August it would consider making telecoms equipment in India.
Samsung, the world's number three mobile phone maker, is targeting sales of 100 million global mobile phones this year, up 16 percent from 2004.
Samsung Electronics eyes mobile phone plant in India
By
Staff Writers
on Sep 15, 2005 12:30PM
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