Adviser to Prime Minister on Commerce and Revenue Abdul Razak Dawood announced that the South Korean technology giant Samsung Electronics had operationalized its first Karachi TV line-up plant in collaboration with a local firm. He took to his Twitter to congratulate the tech giant; PM’s aide tweeted, “We congratulate Samsung Electronics on operationalizing its first TV line-up plant in Karachi, Pakistan, in collaboration with R&R Industries.”
Read more: Samsung to Build a TV Manufacturing Plant in Pakistan
Samsung’s first Karachi TV line-up plant to produce 50,000 TV sets
Mr. Dawood said that initially, the unit would produce 50,000 TV sets and increase the capacity to 100,000 units within 2 years. He also said that the collaboration of Samsung’s Karachi TV line-up plant with local firms was in line with the Make-in-Pakistan policy of the Ministry of Commerce. The advisor to PM also urged all local firms to partner up with leading international companies to set up units in Pakistan.
We congratulate ??Samsung Electronics on operationalising its first TV Line-up plant in ??Pakistan at Karachi in collaboration with R&R Industries. Initially, the unit will produce 50,000 TV sets and increase the capacity to 100,000 units within 2 years. pic.twitter.com/tLqgT7pWX8
— Abdul Razak Dawood (@razak_dawood) December 6, 2021
R&R Industries partnered with Samsung Electronics
The local firm R&R Industries partnered with the tech giant Samsung Electronics to start the Karachi TV line-up plant. The company signed an agreement with Samsung to set up a plant in Karachi’s Korangi Industrial Area. Due to the vast nature of the project, the collaboration will create more than 700 jobs in Pakistan. It is expected that the business revenue of the project will approximately touch Rs5 billion per annum and an annual target of producing 50,000 TV units.
Samsung is one of the world’s largest producers of electronic devices, specializing in producing a wide variety of consumer and industry electronics, including appliances, digital media devices, semiconductors, memory chips, and integrated systems. The company was founded on March 1, 1938, by Lee Byung-Chull; they first entered the electronics industry in 1969 with several electronics-focused divisions, with their first products being black-and-white televisions.
Source: DAWN
