Samsung Electronics enters into a joint venture with R&R Industries for the local production of television sets.
"It [plant] will become functional in Q4 of 2021 and is expected to produce 50,000 units annually,” reveals Razak Dawood.
PM aide says joint venture is a “vindication of Ministry of Commerce’s Make-in-Pakistan policy”.
KARACHI: Samsung is all set to establish its TV line-up plant in Pakistan as the South Korean firm has entered into a joint venture with a local company for the production of television sets.
Sharing the news, Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood wrote on Twitter: “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 [plant] will become functional in Q4 of 2021 and is expected to produce 50,000 units annually,” he added.
The adviser was of the view that the joint venture is a vindication of the Ministry of Commerce’s “Make-in-Pakistan policy for industrialisation via rationalisation of input costs and other incentives.”
Economically, this joint venture is a step in the right direction for the electronic industry as it will help enhance competitiveness and the main beneficiary will be the consumer because local manufacturing will reduce the cost of the television.
In July, the tech giant had signed an agreement with Lucky Motor Corporation to begin manufacturing its phones in Pakistan.
Samsung’s...
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