Developments in the sector of technology are not even a daily phenomenon at the moment. In fact, the fast-paced industry witnesses a new update multiple times in one day. Amongst such developments, we got to know that Samsung will be establishing a TV manufacturing plant in Karachi, Pakistan.
Samsung TV Plant In Karachi
The news came to light thanks to Abdul Razzak Dawood, Advisor to the Prime Minister on Trade and Investment. According to him, the plant will be complete by the 4th quarter of 2021. He said that the plant is being realized with the help of R&R Industries. As it turns out, the plant is predicted to produce almost 50,000 units of Samsung TV every year. Considering the country’s population, the number sounds too small but Samsung’s products are expensive so not everyone is able to buy them.
Of course, now that the production is happening in Pakistan only, maybe the South Korean company would decrease prices.
I have been informed that Samsung Electronics is in the process of establishing their TV line-up plant in collaboration with the R&R Industries at Karachi. It will become functional in Q4 of 2021 and is expected to produce 50,000 units annually.
— Abdul Razak Dawood (@razak_dawood) September 22, 2021
The advisor said: “This is a vindication of MOC’s “Make-in-Pakistan” policy for industrialization via rationalization of input costs and other incentives.”
This news comes in line with Pakistan’s current policy of promoting local manufacturing or assembly of international products. The idea is to reduce the country’s reliance on imports to be able to strengthen the economy and Samsung has actively been doing this.
Just a few months back, Samsung Gulf Electronics Co. got into collaboration with Lucky Cement’s subsidiary, Lucky Motor Corporation (LMC). The venture was for locally producing Samsung phones in Pakistan. The manufacturing is set to happen at the Bin Qasim Industrial Park, Special Economic Zone, Port Qasim, Karachi. Now, the news is that Samsung Electronics will also produce TV right here in the mega-city.
Adviser on Commerce @razak_dawood in his tweets today said that Samsung Electronics TV line-up plant will become functional this year & is expected to produce 50,000 units annuallyhttps://t.co/CNUIAZDrip pic.twitter.com/tNClcw1byF
— Radio Pakistan (@RadioPakistan) September 22, 2021
According to the news, the facility will be complete by the end of December 2021.
As is evident, Apple and Samsung, and their fans are always at each other’s toes to show how they are better than the other. Knowing that, and the ongoing hype of Apple launching the iPhone 13 series and iOS 15, it was expected that Samsung would come up with the news to take off interest from Apple. But did it work, only time will tell?
Once the production begins, what do you say, would you choose to buy a Samsung TV manufactured in Karachi?
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