Samsung opens new TV factory in NepalWednesday, April 26th, 2023
Samsung Inaugurates Landmark Television Factory in Nawalparasi, Transforms Electronics Manufacturing Landscape in Nepal
Samsung, one of the world’s leading consumer electronics and smartphones brands, today inaugurated a landmark television factory in Nawalparasi in collaboration with its longstanding partner in Nepal, Him Electronics. This is the first instance of a multinational company setting up an electronics manufacturing facility in Nepal that will have a major influence on the local economy.
Samsung’s new television factory was inaugurated by Shri Ramesh Rijal, Hon’ble Minister of Industries, Commerce and Supplies, and Mr. JB Park, President & CEO, Samsung Southwest Asia.
Also present were 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.
Speaking at the function, Mr. JB Park, President & CEO, Samsung Southwest Asia, said, “Samsung has had a long-standing relationship 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.”
“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, Golchha Group
The foundation for this new television factory in Nawalparasi was laid in August 2022.
The new manufacturing facility is a landmark in Nepal’s manufacturing journey and is transforming 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.
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.