Samsung will receive incentives from the Indian government to manufacture smartphones and other consumer electronics, including a 4-6% subsidy on their sales. With these incentives, which are part of a program called Make in India, the Indian government has been trying to increase the local production of smartphones, televisions and other electronics in the last few years.
The Indian government invited bids from major international brands including Samsung and Apple's local manufacturing partners Foxconn, Winstron and Pegatron. The government has now included them in the Production Linked Incentive Scheme. Smartphone manufacturers will receive a 4-6% subsidy for the sale of devices priced at 15 rupees (approx. 4 crowns) and above. The government expects these brands to produce mobile phones worth 700 trillion crowns in the next five years.
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Although the above program is open to anyone, according to experts, it has a requirement that Samsung and Apple. The government also said that the program will help increase direct and indirect employment. In addition, it plans to attract more component manufacturers to the country so that original parts manufacturers do not have to import them from China and other countries.
India has become one of the most important global markets for Samsung in recent years. It built the largest smartphone manufacturing factory in the world (more precisely, it is located in the city of Noida in the state of Uttar Pradesh) and also has a development and research center in the country (Bengaluru, in the state of Karnataka). In addition, he recently announced that he intends to build a factory for the production of displays for 700 million dollars (roughly 161 million crowns) in the aforementioned Uttar Pradesh and that from December this year he will start producing televisions locally in the country.
