Samsung to invest Rs 1K crore to expand its TN plant: Rajaa

CHENNAI: South Korean electronics giant Samsung will invest Rs 1,000 crore to expand its existing manufacturing facility in Sriperumbudur, Industries Minister T R B Rajaa said on Friday.

The announcement comes in spite of the strike by employees of the company associated with CITU-backed union previously and the issue is yet to be fully settled. The decision to invest despite that underscores the company’s continued confidence in Tamil Nadu’s workforce, Rajaa said.