Samsung Electronics has been pushing for local manufacturing in India to produce its strong lineup of smartphones in the country. Now, the South Korean technology group seems to be interested in manufacturing laptops in India as well. According to reports, Samsung plans to start notebook computer production next month to promote the center’s “Make in India” plan. Lured by incentives, electronics manufacturers are increasingly looking away from China to set up factories in India.
according to a Report At Mint, Samsung expanded its Greater Noida plant that makes mobile phones to include a new laptop manufacturing unit. According to reports, the new factory will be able to produce 60,000 to 70,000 laptops per year.
The new unit will begin operations next month, the report said, citing anonymous sources. Manufacturing 60,000 to 70,000 laptops per year requires an investment of around Rs. 100-200 crore, sources added.
The development comes after the Indian government last month implemented licensing requirements for the import of laptops, tablets and PCs. The latest electronics import restrictions are aimed at boosting domestic manufacturing, especially as India’s relations with China and China with the West sour. Announcing the news at Trusted system”. System/Product”.
In May, the Center approved Rs. Incentives of Rs 17,000 crore are provided to promote local manufacturing of IT hardware such as tablets and laptops. The Production Linked Incentive (PLI) Scheme 2.0 covers laptops, tablets, all-in-ones, servers and ultra-small devices and is expected to generate incremental production worth Rs 10 lakh. 335 crore during the six-year period.
“The budget outlay for IT PLI is Rs 17,000 crore. The duration of the scheme is six years… We will accept the first batch of applications by October,” IT and Telecom Minister Ashwini Vaishnaw said after the cabinet meeting.
Just after the news was released, there were reports that Samsung and Apple intended to increase local electronic product production in India. “We’ve had considerable success and tailwinds in the smartphone space, and companies like Apple and Samsung are increasingly interested in us expanding and growing here,” Chandrasekhar told Bloomberg. “We want the essence of Go on replay and add content.”
However, Samsung’s development in India has not been smooth sailing. The company is reportedly trying to secure manufacturing incentives it was owed by the Indian government earlier this year. Samsung India is said to be looking for an acquisition worth close to Rs. The government will provide incentives of Rs 9 billion for the current fiscal year ending March 2021. 165 crore unless the South Korean giant can provide supporting documents for its claim.
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