Business Ideas

Samsung India to invest $20 mn in 2009

Samsung India Electronics is planning to invest $20 million (around Rs 100 crore) in 2009 to support its turnover target of $2 billion (around Rs 10,000 crore) for the current calendar year. The company also said it would double its export in 2009 to Rs 1,200 crore. Speaking to reporters after launching company"s new range of fully Automatic Washing machines today at Chennai, R Zutshi, Deputy MD Samsung India said that the proposed investment will be used to enhance it"s Noida plant, near Delhi, to one million units from 0.6 million units.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
Letters: Small car haven
Volkswagen’s decision to buy a stake in Suzuki Motor Company of Japan is proof of just how far Maruti Suzuki India Limited has come in Suzuki’s global activities. Under the agreement, apart from the larger capacity diesel engines that Suzuki will now be able to source from the German auto-maker, it will supply small cars that Volkswagen will sell under its brand name in Europe.
Popular Articles
payday loans online

Maruti Suzuki to set up R&D base in Haryana
Maruti Suzuki India (MSIL) has been allotted 700 acres in IMT Rohtak for setting up a research and development (R&D) facility, test course and accommodation of ancillaries. The state government has already approved allotment of 700 acres; 600 acres for setting up R&D facility and test course and 100 acres for leasing out to MSIL ancillaries.

Mahindra Satyam: Settling liabilities
Tech Mahindra’s equity infusion into Mahindra Satyam should comfortably bankroll the pay-off.

© Copyright 2009