Samsung India to invest Rs 1,000 crore to expand Sriperumbudur unit

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Samsung India to invest Rs 1,000 crore to expand Sriperumbudur unit - Business Standard

Quick Summary:

To develop the districts of Tiruvarur, Nagapattinam, Sivagangai, Ramanathapuram, and Thoothukudi into textile and apparel manufacturing hubs, Plug & Play facilities named SIPCOT Tex Parks will be established in these districts in collaboration with textile industry associations.

Some 600 workers of SIWU have been protesting within the premises of Samsung India Electronics in Sriperumbudur since February 5, after the management suspended three office-bearers of the union, backed by CITU.

In February this year, another month-long strike by the CITU-backed Samsung India Workers Union (SIWU) at Samsung India’s manufacturing unit affected its operations.