Samsung Electronics has inaugurated its historically important television factory in Nawalparasi on April 26, 2023. The electronics giant opened its maiden facility in collaboration with its local partner, Him Electronics. It’s the first time a global renown multinational company has set up a manufacturing and assembly plant in Nepal which would likely have a profound influence on the country’s economy.
With its factory in Nawalparasi, Samsung will produce its various range of TVs in Nepal.
The factory was inaugurated by Shri Ramesh Rijal, Hon’ble Minister of Industries, Commerce and Supplies, and Mr. JB Park, President & CEO, of Samsung Southwest Asia.
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 landmark event.
“The largest global electronics company has shown its deep-rooted interest in the Nepali market. This is a big indicator for us.“
Speaking at the function, Mr. JB Park, President & CEO, of Samsung Southwest Asia, 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 the development of skilled manpower. We thank the Nepal Government and local authorities for their strong vision and continued support.”
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“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,” said Mr. Shekhar Golchha, Chairman & MD, of Golchha Group.
In August 2022, the South Korean company had the foundation stone laid for the facility.
Samsung TV factory in Nawalparasi is historically significant
The Samsung manufacturing facility in Nawalparasi is historic with transformative potential for Nepal’s electronics space with local enterprise, skills, innovation, and jobs.
The facility will increase Nepal’s confidence in industrial efficiency and productivity, create more employment and help develop a stronger electronics manufacturing ecosystem in the country.
Having been in Nepal for over two decades, Samsung has become a household name. The company sells electronic products such as TVs, refrigerators, microwaves, smartphones, etc. through its local partner. It has a strong network of 500 electronic retail stores and customer service centers across the country.
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Samsung has been in Nepal for over two decades. Today, it is a household name in the country. It currently sells consumer electronics products such as televisions, refrigerators, washing machines, microwaves, and smartphones in the Nepal market through its partner. It has a strong network of 500 electronics retail stores and customer service centers. The TV assembly plant in Nepal marks another milestone for Samsung.
With the factory set up, Samsung will start making brand new TV sets in Nepal. Are you going to buy Samsung TVs made in Nepal? Do share in the comments below.