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Biz News Korea(Eng)
Samsung Elec vice chairman Jay Y. Lee meets India`s Prime Minister Narendra Modi
- Collected
- 2016.09.18
- Distributed
- 2016.09.19
- Source
- Go Direct
Jay Y. Lee, vice chairman of Samsung Electronics Co., met India`s Prime Minister Narendra Modi in New Delhi, India, on Thursday (local time) to exchange opinions on businesses of the company and cooperation plans. (Photo by Indian prime minister’s office)
This was the first time for the two to have a meeting. Among the attendees were Shin Jong-kyun, head of information technology & mobile communications business, Hong Hyun Chil, president and chief executive of Samsung India Electronics, and Cho Hyun, Korean ambassador to India. Lee committed to making utmost efforts to become a strategic partner of India as a local company. He added that the company would maintain cooperative relations with the Indian government and plans to grow the country as an important production base.
In response, the Indian prime minister said that Samsung Electronics has played a big role in the country’s manufacturing industry and he hoped that the company would make more investments in India.
The Korean electronics company entered India in 1995 for the first time and has run a production entity manufacturing televisions, household appliances and smartphones, a research and development center and a design center over the past 20 years. The company has about 45,000 employees in total in India.
By Lee Seung-hoon
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