Seoul: Samsung Heavy Industries (SHI) has become the first Korean yard to establish a design and technology center in India. Masses of local engineers will be recruited, accordingly.
A SHI official explained to the Maeil Business Newspaper the rationale behind the move, "It is difficult to attain talented technical engineers in Korea with students shunning science and engineering sectors. However in India, the rate of students continuing onto engineering schools is high, and therefore, human resource in technology is abundant, successfully generating as many as 300,000 engineers annually."
SHI willinvest $3.5 million and will name the marine facility design center as Samsung Heavy Industries Inc. The center is to be built in August in the Noida industrial complex, located in the east of India'n capital. Initially it will employ 50 to 60 Indian engineers.
Subsequently, the number of employees to be recruited will grow greatly to 150 by 2010. [02/05/07]
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