According to a recent report of “The Economic Times”, the South Korean giant Samsung is preparing to move a huge part of their production line to India. The source reveals that the company has submitted an estimated plan with Indian Govt. to produce devices worth $40 billion (Rs.3 lakh crore) in the next 5 years under PLI(Production Linked Incentive) scheme. It is also being reported that the phones of factory prices over $200(Rs.15,000) in Indian manufacturing hub will be exported in foreign countries.
In recent reports, Vietnam is the biggest manufacturing hub of Samsung. Before this China was the biggest hub but due to this pandemic situation they close their all hubs from China and want to invest in the Indian economy. A couple of months ago, Samsung announced a new factory in India which is located in Sector 81 in Noida. It has a production capacity of 120 million mobile devices in a month.
Apple has already invested $1 billion for the flagship iPhone 11 series. They also have applied to take benefits of the PLI scheme. They are also closing their manufacturing hub from China and shifted to India. So after Apple, Samsung might start its major productions in India from now on.
Samsung had launched the Samsung Galaxy Note 20 and Galaxy Note 20 Ultra on August 5 in the Samsung UNPACKED event. Both the phones are the recent flagship Notes of the brand. The Galaxy S20 series was launched long ago but the company seems not to stop with all the latest launches. Samsung is planning to launch a Fan Edition of the Samsung Galaxy S20 with 5G connectivity dubbed as Samsung Galaxy S20 fan Edition 5G.
