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Samsung Elec to build handset plant in India
By siliconindia
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Friday, 07 March 2003, 20:30 IST
Samsung Electronics Co, the world's third-largest handset maker, said in a filing to the Korea Stock Exchange that it was considering building a mobile handset plant in India.
SEOUL: "We are reviewing the need to build a mobile handset plant in India, but we haven't made a decision yet," Samsung said.
According to a news agency, Samsung aims to sell 52.5 million handsets this year, up 23 percent from a year earlier, in a market that is estimated to grow to 435 million units.
Samsung grew its sales by some 50 percent last year while the worldwide handset market expanded around five percent. It has achieved this growth by pioneering colour screens, musical ringtones and camera phones.