Samsung, the world’s prominent consumer electronics and smartphone brand has announced its collaboration with Him Electronics to build a TV manufacturing factory in Nawalparasi, Nepal. Him Electronics is the South Korean multinational’s long-time partner in Nepal.
Samsung says its assembly plant is in line with the Nepal Government’s aim of fostering local production capabilities. The plant will start production next year in 2023.
The factory’s foundation was announced at a function with rituals on Wednesday, August 24th. The Hon’ble Minister for Industries, Commerce & Supplies, Shri Dilendra Prasad Badu, and Samsung Electronics Global President & Chief Financial Officer, Mr. HK Park graced the occasion with their presence.
Similarly, the event had the presence of several other high-ranking figures. The other attendees included Ajay Shahi, Hon’ble Minister for Industries, Commerce & Supplies of Lumbini Province, Mr. Shekhar Golchha, Chairman & MD, Golchha Group, and Mr. Ken Kang, Regional President & CEO, Samsung Southwest Asia. Mr. Park Chong-Suk, Ambassador of the Republic of Korea to Nepal, and Chief District officer of Ramgram municipality Mr. Shrawan Kumar Pokharel were other local dignitaries gracing the event.
Samsung starting a TV factory (plant) is a milestone for Nepal
Speaking at the function, Mr. Ken Kang, Regional President & CEO, of Samsung Southwest Asia, said, “The new LED television factory in Nawalparasi with our longstanding partner Him Electronics is a testimony to our continuing commitment to the people of Nepal and the consumers’ ever-growing trust and love for Samsung products. We also thank the Nepal Government and local authorities for their vision and continued support.”
“This new factory will prove to be a milestone for Nepal. Establishing the factory will help in expanding the economy of the nation and raise the country’s output and skill levels, making it a more competitive nation in the global market. This is the result of our 22-year-long collaboration with Samsung,” said Mr. Shekhar Golchha, Chairman & MD, Golchha Group.
The manufacturing facility for Samsung television sets will be a landmark for the manufacturing journey of Nepal. This single event also has the potential to transform the electronics space in the country with local enterprise, skills, innovations, and jobs.
Samsung’s investment in the TV plant in Nepal would help increase efficiency and productivity and create employment. Similarly, it will also lead a role to develop a stronger electronics manufacturing ecosystem.
Samsung expects the new TV plant to hit production in 2023.
Samsung has been in Nepal since 1997. The brand is today a household name among Nepalese consumers. The company sells consumer electronics products such as televisions, refrigerators, washing machines microwaves, smartphones, etc. through its partner.
The company boasts a strong presence in Nepal via its robust network of 500 electronics retail stores and customer service centers across Nepal.
What is your reaction to the news of Samsung starting a TV factory in Nepal? What role could it possibly play in uplifting Nepal’s manufacturing ecosystem? Do share your insight in the comments below.