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Samsung heir Jay Y Lee met PM Narendra Modi, here’s what they discussed

PM Modi met Samsung Electronics Co Ltd Vice-Chairman Jay Y Lee with the latter reiterating the Korean tech giant’s “commitment to the people of India as a strategic partner”.

By: | Updated: September 16, 2016 10:59 AM
Besides Make in India, Samsung is also committed to 'Make for India', an initiative to create meaningful local innovations for the Indian consumers. Besides Make in India, Samsung is also committed to ‘Make for India’, an initiative to create meaningful local innovations for the Indian consumers.

Prime Minister Narendra Modi on Thursday met Samsung Electronics Co Ltd Vice-Chairman Jay Y Lee with the latter reiterating the Korean tech giant’s “commitment to the people of India as a strategic partner”. According to the Indian Express, Lee and Modi discussed Samsung’s role in the make in India and Digital India initiatives. Lee who has taken up a larger role in the company after his father and samsung chairman Lee Kun-Hee became unwell, explained how Samsung’s goal is to be not just a foreign investor but a true local business in India, where Samsung will work with local communities to build a better future.

“Lee also committed to grow India as an important production base and central R&D hub, as Samsung continues to view India as an important strategic partner,” a company release said, adding that the company will work actively with local communities towards this. Besides Make in India, Samsung is also committed to ‘Make for India’, an initiative to create meaningful local innovations for the Indian consumers.

On Wednesday, as a precursor to the visit, the company had announced its Make for India initiative through advertisements, listing its two manufacturing units in Chennai and Noida as well as the design centre in Noida and research labs in Bengaluru, Delhi and Noida.

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