ICMD, Sep 23, 2021:
Samsung Electronics is in the process of establishing its TV line-up plant in collaboration with R&R Industries in Karachi, says Razzak Dawood, Advisor to the prime minister for commerce in his tweet yesterday. It will become functional in Q4 of 2021 and is expected to produce 50,000 units annually.
Samsung Electronics is a South Korean technology giant whose effort in collaboration with a local partner will produce 50,000 television units per annum.
Dawood's tweet says: 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.
He further says this is a vindication of the Ministry of Commerce’s “Make-in-Pakistan” policy for industrialization via rationalization of input costs and other incentives. The plant would become functional in the fourth quarter of 2021 and is expected to produce 50,000 units annually.
R&R Industries CEO Moosa announced the company’s plans to set up a manufacturing plant for the Samsung TV lineup in Pakistan.
An official announcement by the company said that 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 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 local partner company believed that the project will create more than 700 jobs in Pakistan. It is expected that the business revenue of the project will be approximately touch five billion rupees per annum and an annual target of producing 50,000 TV units.