Samsung with Him Electronics is set to start a television factory in Nawalparasi. With regard to this, a function with traditional rituals was held in Nawalparasi on Wednesday to announce the factory's foundation.
Issuing a press statement, the company informed that the function was attended by Dilendra Prasad Badu, Minister for Industries, Commerce & Supplies and HK Park, Samsung Electronics Global President & Chief Financial Officer. Along with them, Ajay Shahi, Minister for Industries, Commerce & Supplies of Lumbini Province, Shekhar Golchha, Chairman & MD, Golchha Group, Ken Kang, Regional President & CEO, Samsung Southwest Asia, Park Chong-Suk, Ambassador of the Republic of Korea to Nepal, Chief District officer of Ramgram municipality Shrawan Kumar Pokharel also marked their presence.
In the function, Ken Kang, Regional President & CEO, Samsung Southwest Asia, said, “The new LED television factory in Nawalparasi with our longstanding partner Him Electronics is a testimony to our continuing commitment to the people of Nepal and the consumers’ ever-growing trust and love for Samsung products. We also thank the Nepal Government and local authorities for their vision and continued support.”
“This new factory will prove to be a milestone for Nepal. Establishing the factory will help in expanding the economy of the nation and raise the country’s output and skill levels, making it a more competitive nation in the global market. This is the result of our 22-year-long collaboration with Samsung,” said Shekhar Golchha, Chairman & MD, Golchha Group.
The new manufacturing facility will be a landmark in Nepal’s manufacturing journey and has the potential to transform the electronics space in the country with local enterprise, new skills, innovations, and jobs. It will help increase efficiency and productivity, creating more employment and developing a stronger electronics manufacturing ecosystem in the country.
As per the statement, production at the new plant is expected to start in 2023.
