Samsung Electronics is advancing its manufacturing in India. After smartphones, it's focusing on laptop production.
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This move aligns with India's "Make in India" initiative, steering manufacturers from China to India.
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Samsung's Greater Noida plant, once for mobiles, will now produce laptops, enhancing local production.
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The new unit can make 60k-70k laptops annually, with an investment ranging from Rs. 100-200 crore.
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Drawwithpappu reached out to Samsung India for more info. Stay tuned for upcoming updates.
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After India set licensing rules for electronics imports, this move boosts domestic manufacturing
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The restrictions also ensure India uses trusted systems, amidst souring ties with China.
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In May, a Rs. 17,000 crore incentive was set to promote local IT hardware production.
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The PLI Scheme 2.0, covering various devices, will boost production worth Rs. 3.35 lakh crore in six years.
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IT Minister Ashwini Vaishnaw said the program, with a Rs. 17,000 crore budget, spans six years.
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Post the announcement, tech giants like Samsung and Apple showed interest in expanding in India.
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Chandrasekhar told Bloomberg that the success in smartphones will be replicated in other sectors.
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Samsung encountered challenges in India, especially regarding pending manufacturing incentives.
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Samsung sought Rs. 900 crore for the fiscal year through March 2021 from the Indian government.
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The government offered Rs. 165 crore, asking Samsung for more documentation to support its claim.
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