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HomeNewsBusinessSamsung to invest Rs 1,000 crore in Sriperumbudur facility: Tamil Nadu minister TRB Rajaa

Samsung to invest Rs 1,000 crore in Sriperumbudur facility: Tamil Nadu minister TRB Rajaa

Tamil Nadu's minister for industries, investment promotion and commerce, TRB Rajaa, informed on social media platform X that this investment will help create 100 more jobs.

April 25, 2025 / 15:49 IST
Products produced at the Sriperumbudur plant accounted for one-fifth's of the company's $12 billion sales in India in 2022-23. (Representational image)

South Korea's Samsung Electronics will be investing an additional amount of Rs 1,000 crore in its existing facility in Tamil Nadu's Sriperumbudur, state's minister for industries, investment promotion and commerce, TRB Rajaa, informed on social media platform X on Friday. He added that this investment will help create 100 more jobs, thereby reinforcing the company's faith in the labour force.

 

This comes after workers at the plant staged protest in February after employees were suspended. The protest in February was the second labour dispute at the facility since September 2024, when several workers went on a five-week strike seeking better wages and a recognised employee union.

Reuters reported that the workers' union had accused Samsung of thwarting the union, while the South Korean company denied such allegations saying it has complied with laws.

The minister did not share a clear timeline for when the investment would take place. Over 2,000 workers are currently employed at the plant where washing machines, refrigerators and televisions are made.

Products produced at the Sriperumbudur plant accounted for one-fifth's of the company's $12 billion sales in India in 2022-23.

Moneycontrol News
first published: Apr 25, 2025 03:45 pm

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