Kathmandu: Samsung on Wednesday announced it is collaborating with Him Electronics, its long-time partner in Nepal, to start a television factory in Nawalparasi.
A function with traditional rituals was held in Nawalparasi on Wednesday to announce the factory’s foundation. Minister for Industries, Commerce and Supplies, Dilendra Prasad Badu and Samsung Electronics Global President Chief Financial Officer, HK Park, graced the occasion with their presence.
Also present were Shri Ajay Shahi, Minister for Industries, Commerce and Supplies of Lumbini Province, Shekhar Golchha, Chairman and Managing Director, Golchha Group, Ken Kang, Regional President and CEO, Samsung Southwest Asia, Park Chong-Suk, Ambassador of the Republic of Korea to Nepal among others.
Speaking at the function, Ken Kang, Regional President and 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.”
Speaking on the occasion, Shekhar Golchha, Chairman and MD of Golchha Group said the 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,” he said.
The new manufacturing facility will be a landmark in Nepal’s manufacturing journey and has the potential to transform the electronics space in the country with local enterprise, new skills, innovations, and jobs. It will help increase efficiency and productivity, creating more employment and developing a stronger electronics manufacturing ecosystem in the country.
Production at the new plant is expected to start in 2023.