According to a new report from The Economic Times, Samsung is gearing up to move a sizeable chunk of its production line to India. According to sources close to the matter, Samsung already disclosed plans to the Indian government under the Production Linked Incentive (PLI) to produce phones worth over $40 billion (Rs 3 lakh crore) during the next five years in India. The majority of phones made in India with a price above $200 (Rs 15,000) will be exported.
This moves come at the expense of Vietnam (which is another country where samsung produces most of its smartphones). As its moving more smartphones production to India it will effect the production in Vietnam. Samsung now focuses more and more production of smartphones in India. And india has the samsung biggest smartphone factory in existence in Noida, India.
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