Samsung is planning to expand its business operations in India, and is in talks with state governments to set up a third manufacturing plant in India. The Economic Times reports that this move would consolidate ‘the South Korean company’s hold on a key market and provide a big push to the government’s Make in India campaign’. Also Read - Phones launching in India next week: Google Pixel 6, Samsung Galaxy S21 FE, OnePlus 9RT and moreAlso Read - Phones launched this week: Realme GT Neo 2, Moto E40, more
Samsung has been in India for the last 20 years, and has two factories in Noida and Tamil Nadu. It pays salaries to as many as 45,000 employees, and manufactures 90 percent of the handsets sold in the country from these plants. Also Read - Good news for iPhone loves! Apple beats Xiaomi to regain second position in global smartphone market
Confirming the third manufacturing plant news, a Samsung spokesperson told the publication, “Samsung Electronics sees India as a very important market. Being a leading player in the consumer electronics and durables business and India’s biggest television and smartphone manufacturer, we are committed to the idea of ‘Make for India. We can confirm that we are in talks with state governments, including the government of Uttar Pradesh, where we have a factory already.”
The report also said that Samsung mobile chief JK Shin was in India for this purpose, and the Korean company is willing to invest $500 million to $1 billion depending on land logistics.
The plants currently running in India only manufacture handsets that are sold in the country. But the source told the publication, that the commencement of this third plant can bring in export possibilities as well.
Many tech companies are showing interest in setting up business operations in India. Apple is reported to be planning on setting up a technology development center, while Xiaomi wants to set up an R&D facility and a manufacturing plant in India. The government has even set up a joint task force, which includes industry representatives from Samsung, Microsoft Devices and Lava, to rejuvenate nation s mobile phone manufacturing ecosystem with a view to achieve production of 500 million units of mobile handsets by 2019.