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Home » Blog » Samsung to invest ₹1,000 crore in its existing plant at Sriperumbudur
Business

Samsung to invest ₹1,000 crore in its existing plant at Sriperumbudur

Olivia Roberts
By Olivia Roberts
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Indian Samsung factory in Srperumbudur, Chennai.

Indian Samsung factory in Srperumbudur, Chennai. | Photo credit: Bijoy Ghosh

Samsung will make an additional investment of ₹ 1,000 million rupees in existing facilities in Srperumbudur. This will create 100 more jobs, the Minister of Industries, TRB Rajaa, on the Assembly on Friday.

Interestingly, the announcement comes at a time when the company’s plant in recent months has faced many work -related problems.

Meanwhile, the State has attracted an investment worth ₹ 10.14 Lakh million rupees and employment opportunities for 32 LAKH of people between May 2021 and March 2025. This is located in several sectors, including the car, the semiconductor department of semiconductors and textiles 2025-26 of the Nadu Tamil industries, the investment industries and the travel department.

Tamil Nadu has 31,517 operational factories, the highest in India. The closest Preta state – Maharashtra – has 20,739 operational factories. The state manufacturing sector in 2023-25 ​​contributed 11.80 percent of the gross manufacturing added value of India, according to the policy note.

The policy note presented at the Assembly on Friday by the Minister of Industries, TRB Rajaa, says that some of the notable investments include the first green hydrogen plant per Sembcorp; A car manufacturing plant of Vinfast Auto in the Thothukudi district and a footwear manufacturing installation oriented to the export of Dean shoes in the Ariyalur district.

The Center for Global and Ti Capacity in the State has grown by almost 70 percent between 2019 and 2024 with more than 125 new GCC in the opening of Chennai, and creates an additional employee staff of 94,121. Of the 125 new GCC, 60 were established in 2023-24, which is the highest for any city in the country, says the policy note.

Chennai leads the state in GCC with more than 300 facilities operated by leading companies such as Adidas, Boeing, Mizuho, ​​Pfizer, Qualcomm, Standard Chartered, UPS and Visteon. However, Coimbatore and Madurai are emerging as key destinations for CCG with Marquee Companies such as Access Healthcare, Bosch, Bradken, Deloitte, Ernst and Young, Honeywell, Mahle, Morgan Street establishing the team and the State and the State, the State and the State and the State, Schlumberger and Stateisher, Schlumberger and State, the State, the State, the State and the State, the State and the State.

The policy note said that the Tamil Nadu toy manufacturing policy is formulated to position the State as an attractive destination for investment, innovation and sustainable growth in the sector.

The Guide, the State Investment Promotion Agency, has so far formulated 13 specific policies in the sector, including one to promote GCC. He is currently working in an integral industrial policy that will cover the support mechanisms for traditional investments and the new era. The approach will be the dispersion of development beyond Chennai, inclusive growth and sustainability. Attractive incentives for advanced manufacturing centers, R&D, tourism and innovation will be incorporated into politics, according to the policy note.

An industry’s intelligence cell is being created to be the nervous center to identify and analyze data on potential investors and its investment needs. The cell will use advanced analysis to transform the supply of agreements and capture market interruptions, according to the policy note.

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Posted on April 25, 2025

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