September 2016 \ Business & Investment \ BUSINESS AND GOVERNANCE
Samsung VC meets PM

  • Mr Jay Y. Lee, Vice Chairman, Samsung Electronics Co. Ltd., meets Prime Minister Mr Narendra Modi in New Delhi

Mr Jay Y. Lee, Vice Chairman of Samsung Electronics,  met Prime Minister Mr Narendra Modi in September. Mr Lee told Mr Modi that Samsung is working in synchrony with “Make in India” and “Digital India” initiatives to grow India as an important production base and central R and D hub.

He said Samsung’s ultimate goal is just not to be a foreign investor but a local business, where the company would work with local communities to build a better future. Mr Lee noted that Samsung’s “Make for India” initiative is already creating meaningful local innovations for the Indian consumers. In India, “Samsung Smart Class” programme is helping over 200,000 students from low-income families to experience e-learning at 376 Jawahar Navodaya Vidyalaya schools, he said. In addition, 18 Samsung Technical Schools are imparting skills to youth to enable their employability.