According to a report from The Economic Times, Samsung is setting up a $653.36 million smartphone OLED plant in Noida in the Uttar Pradesh state of India. The South Korean tech giant will receive financial benefits worth $9.5 million, and these special incentives were approved by Uttar Pradesh’s Chief Minister Yogi Adityanath. Under ‘UP Electronics Manufacturing Policy 2017’, the company will get exemption on tax payable on the transfer of land for setting up the factory. Samsung’s upcoming display plant will provide up to 510 direct jobs and up to 1,300 jobs indirectly.
