Samsung inaugurates its TV factory in Nepal –
Samsung is pretty much a household name in Nepal’s electronics sector. And in collaboration with Him Electronics, Samsung has inaugurated its very own television (TV) manufacturing factory in Nawalparasi, Nepal today. Let’s learn more.
Samsung TV factory in Nepal: Overview
To mark this milestone, Nawalparasi’s Samsung TV factory in Nepal was inaugurated by Mr. Ramesh Rijal (Minister of Industries, Commerce, and Supplies) and Mr. JB Park (President & CEO, Samsung Southwest Asia).
Moreover, Mr. Shekhar Golchha (Chairman & MD, Golchha Group), Mr. Park Chong-Suk (Ambassador of the Republic of Korea to Nepal), Mr. Sung June Park (Nepal Branch Head, Samsung Electronics), along with other local dignitaries were also present at the said event.
Speaking at the function, Mr. JB Park said, “Samsung has had a long-standing relation with the people of Nepal, having been in the country for over two decades. This new television factory with our partners Him Electronics will further deepen our bond with Nepal and underline the work we are doing to strengthen local industry and provide employment opportunities to people here. It will also facilitate development of skilled manpower. We thank the Nepal Government and local authorities for their strong vision and continued support.”
Likewise, Mr. Shekhar Golchha said “The cooperation with Samsung exhibits the potential the sector has in Nepal. The largest global electronics company has shown its deep-rooted interest in the Nepali market. This is a big indicator for us. With suitable policies to promote the sector, we can see many positive contributions to the national economy in terms of employment, value addition and opportunities beyond national boundaries.”
A little bit of history
To note, the foundation for this Samsung TV factory in Nawalparasi, Nepal was laid back in August 2022, in the presence of former Industry Minister Mr. Dilendra Prasad Badu. And according to the original plans, Samsung said that TV production from this factory would begin in the first week of March 2023.
Additionally, Mr. Sung June Park had also stated that the company had planned to “produce as many as 30,000 television sets in 2023.” Whereas the capacity of this assembly plant is said to be around 300,000 units per year. Besides TV, we all know that Samsung has its hands in other consumer electronics products. Like smartphones, monitors, refrigerators, microwaves, washing machines, air conditioners, vacuum cleaners, and more.
And speaking at the factory’s foundation laying ceremony last year, Mr. Park Seung-Hee (President and Head of Corporate Relations, Samsung Electronics) said “We will conduct a feasibility study about the possibility of Samsung mobile phones and other electronic goods as well.” That’s pretty exciting!
Samsung TV factory in Nepal: Conclusion
Needless to say, Samsung establishing its TV factory in Nepal has huge implications for the country’s economy. Besides creating job opportunities, skilled human resources, and a stronger manufacturing ecosystem in Nepal, it could also open doors for other electronics giants to set up their factories in the country. By the way, CG Electronics also set up an LG TV assembly plant at Satungal, Kathmandu in September 2022.