Uttar Pradesh approves financial incentives for Samsung display factory


A man walks past the logo of Samsung at its office building in Seoul, South Korea, October 25, 2020. REUTERS/Kim Hong-Ji

NEW DELHI (Reuters) - India's northern state of Uttar Pradesh on Friday said it will give financial incentives to South Korea's Samsung Electronics Co to set up a 48.25 billion rupee ($654.36 million) display factory.

Samsung is re-locating the factory to the state from China, the Uttar Pradesh administration said in a statement, a move that will help boost Prime Minister Narendra Modi's flagship drive to make India a manufacturing hub.

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