Technology

Samsung Electronics TV plant starts production in Karachi

Samsung Electronics, the South Korean technology giant, has operationalised its first TV line-up plant in collaboration with a local firm in Karachi.

Commerce Adviser Razak Dawood took to Twitter on  Monday to announce the development.

Sharing photos of the facility, he tweeted: “We congratulate Samsung Electronics on operationalising its first TV Line-up plant in Pakistan at Karachi in collaboration with R&R Industries. Initially, the unit will produce 50,000 TV sets and increase the capacity to 100,000 units within 2 years.”

Mr. Dawood said the collaboration was in line with the Make-in-Pakistan policy of the Ministry of Commerce.

“I urge all our firms to partner up with leading international companies to set up units in Pakistan,” he added.

Samsung has set up a plant in Karachi’s Korangi Industrial Area in collaboration with R&R Industries Pvt Ltd.

The collaboration will create more than 700 jobs in Pakistan due to the vast nature of this project.

It is expected that the business revenue of the project will approximately reach Rs5 billion per annum and an annual target of producing 50,000 TV units.

NewsDesk

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