Lahore (NUT-DESK)
Samsung is all set to establish its TV line-up plant in Pakistan according to a tweet by advisor to the prime minister on commerce and investment, Abdul Razak Dawood. The plant will be collaboration with R&R Industries in Karachi which will produce the TV sets for the South Korean company which has established itself as a global leader.
The plant “will become functional in Q4 of 2021 and is expected to produce 50,000 units annually,” tweeted Dawood. “This is a vindication of MOC’s “Make-in-Pakistan” policy for industrialization via rationalization of input costs and other incentives,” he added.
In July, the South Korean company had signed an agreement with Lucky Motor Corporation to begin manufacturing its phones in Pakistan. Samsung’s decision to assemble phones in Pakistan was an indication of the success of the Mobile Device Manufacturing Policy (MDMP) launched by the government in June 2020.
The vision of the policy was clear that by 2022, 80% of all mobile phones sold in Pakistan should be locally manufactured. Last year in August, Prime Minister Imran Khan had declared that the government was vigorously pursuing a Make-in-Pakistan policy to promote export-oriented industrialization in the country.
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