In keeping with a new report from The economic instances, Samsung is gearing up to transport a massive chunk of its production line to India. According to resources close to the matter, Samsung already disclosed the company plans to the Indian government under the production linked Incentive (PLI) to supply Smartphones well worth over $40 billion (Rs 3 lakh crore) during the subsequent 5 years in India. The majority of phones made in India with a price above $200 (Rs 15,000) may be exported.
The pass will come at the cost of Vietnam, which is another hub in Samsung’s manufacturing efforts and is presently its second-biggest exporter of smartphones at the back of China. Last year, Samsung closed off its last remaining manufacturing unit in China. Previous to that the Korean tech giant opened its largest phone manufacturing unit in existence in Noida, India to be able to continue to be a main manufacturing hub going ahead.
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