Samsung to set up its TV lineup plant in Karachi, it emerges today.
South Korean technology giant is in the process of establishing its TV lineup plant in collaboration with a local partner R&R Industries Pvt Ltd with the goal of producing 50,000 television units per annum.
Sharing the update in a tweet, Razak Dawood Commerce Adviser to PM Imran Khan said, “I have been informed that Samsung Electronics is in the process of establishing their TV line-up plant in collaboration with the R&R Industries at Karachi. It will become functional in Q4 of 2021 and is expected to produce 50,000 units annually.“
“This is a vindication of MOC’s ‘Make-in-Pakistan’ policy for industrialization via rationalization of input costs and other incentives,” he added.
This is a vindication of MOC’s "Make-in-Pakistan" policy for industrialisation via rationalisation of input costs and other incentives.@Samsung @SamsungPakistan @mincompk @aliya_hamza #Pakistan #PakistanMovingForward #ManufacturingIndustry— Abdul Razak Dawood (@razak_dawood) September 22, 2021
As per an official announcement by the company, R&R Industries has signed an agreement with Samsung and intends to set up the plant in Karachi’s Korangi Industrial Area.
R&R Industries CEO Moosa announcing the company’s plans revealed that it has already started the construction and fabrication of the factory plant — which is expected to be inaugurated in the fourth quarter of 2021 — and added a major global brand into the portfolio of local manufacturing in Pakistan.
The project will create more than 700 jobs in Pakistan.