In a meeting with Indian Telecom Minister, Jong-Kyun Shin has expressed Samsung's interests in India's 4G market and the Smart City projects. India's Telecom Minister, Ravi Shankar Prasad, is on a 5-day visit to South Korea to attract investments in the country in the field of electronics manufacturing under the ‘Make In India' program. After the he met with Samsung officials, he tweeted, “Met CEO Samsung. Discussed NOFN and Smart city projects. They are keen on India’s 4G mobile market. (They) want to increase investment.” Major Indian telecom operators in India are in the process of rolling out 4G networks in the country.
The Indian Telecom Ministry later stated that Mr. Shin has “expressed great hope in the India’s 4G mobile market and expressed his desire to make big investments in India”. Apparently, Mr. Shin also appreciated Indian engineers for making Samsung a big success worldwide. Samsung has one of its second largest R&D centre in India. It also manufactures mobile phones and television sets in the country.
Samsung might also invest in India's National Optical Fiber Network programme and the Smart City plan. The Indian government is planning to connect 250,000 villages to the Internet by 2017 through its National Optical Fiber Network program. India is also planning to develop 100 ‘Smart Cities' by modernizing existing mid-sized cities and building ‘satellite towns' for larger cities.
