Samsung plans to move smartphone production to India
 

A big deal for India

According to a new report, Samsung is planning to move a big part of its smartphone production to India.

According to a report from The Economic Times, spotted by Sammobile.com, Samsung has already discussed moving a big part of its smartphone production with the Indian government as a part of the Production Linked Incentive (PLI). It plans to produce phones worth over $40 billion in the next five years.

A senior government official confirmed that most smartphones in the above $200 category could be exported to other markets, while $200 priced devices, which are mostly sold in India, could account for over $25 billion.

Samsung is moving its production from Vietnam, and this comes as a result of Samsung closing its factories in China and moving to India, with the previous one, opened in Noida, India, as the largest smartphone factory.

Apple has also increased its production in India, and it appears that Samsung wants to switch most of its production to India as well.

https://fudzilla.com/news/mobile/513...ction-to-india