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Samsung says to invest $296 million to expand India plant

The logo of Samsung Electronic is seen at its headquarters in Seoul, South Korea, in this file photo taken on April 4, 2016. REUTERS/Kim Hong-Ji/File Photo

MUMBAI (Reuters) - Samsung Electronics Co Ltd will invest 19.7 billion rupees ($295.83 million) to expand its plant in northern India, the company said in a statement.

The plant in Noida, near the Indian capital New Delhi, makes mobile phones, refrigerators and televisions.

Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu

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