Samsung stays put from participating in India’s PLI scheme

India’s Production Linked Incentive scheme has garnered quite several tech giants wanting to participate in the scheme, however, the South Korean tech giant Samsung Electronics has recently reported that it will not be participating in the PLI scheme.

It stated that the company will not participate in this scheme for telecom networking equipment since it does not want to invest freshly in a market where it has just one client. Buy the top management of the South Korean company has stated that they might explore such opportunities in the future.

the decision of restraining to join the telecom scheme was conveyed by the Samsung India officials to the telecommunications department (DoT) in a video conferencing meeting on Wednesday.

However, it’s worth noting that Samsung has been supplying equipment to Reliance Jio’s 4G telecom network and is also working for supplies for its 5G trials. Its plant is located in Vietnam, South Korea, and China where there is sufficient capacity to manufacture for Jio’s requirements. And the imports from Korea and Vietnam are at zero duties through the free trade agreement route.

“Hence, Samsung did not find the business need to invest in another new facility in India right now since it already enjoys zero import duties and more so since it has just one client in the country.”

the decision of Samsung is understandable and it seems that its reason to opt-out of PLI is quite reasonable for the movement. However, now it seems that with the backing out of Samsung, the government of India is now betting on other large companies like Nokia and Ericsson to make investments under the scheme.

Companies like Nokia India have already confirmed that they will participate in the scheme, and Ericsson is also not opposed to the idea of participation.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Samsung’s Exynos 2500 Enters Mass Production, But Poor Yields May Limit Its Reach

Samsung’s Exynos 2500 Enters Mass Production, But Poor Yields...

Samsung has officially kicked off mass production of its next-gen Exynos 2500 chipset, but it seems the...

Samsung Galaxy Z Fold 7 to Feature Thicker S...

The Samsung Galaxy Z Fold 7 is one phone that has been discussed for quite some time,...

Samsung Galaxy S25 Edge Leaks in Hands-On Video with...

Samsung was previously rumored to launch the Galaxy S25 Edge in April, but a content creator appears...
Samsung Reimagines Customer Service: Inside the Future of Smartphone Support

Samsung Reimagines Customer Service: Inside the Future of Smartphone...

Are you tired of dreary, uninspiring service centres that feel more like waiting rooms than tech havens?...

European Smartphone Market Grows 5% in 2024, Samsung Leads

According to Canalys, the smartphone sector in Europe overall grew by 5% in 2024, ending four years...

LATEST NEWS

WPL 2025: Delhi Capitals Women vs Gujarat Giants Women – Preview, Prediction and Where To Watch The Match LIVE

The 10th match of the WPL 2025 season will see Delhi Capitals take on Gujarat Giants on February 25, marking their first encounter of...

Champions Trophy 2025: Australia vs South Africa – Preview, Prediction and Where To Watch The Match LIVE

The Champions Trophy 2025 has captivated cricket fans with a series of thrilling encounters so far. Continuing the excitement, Match 7 promises a riveting...

WPL 2025: Ecclestone’s All-round Brilliance Stuns RCB and Chinnaswamy in Thrilling Super Over Victory For Warriorz

In a night filled with extraordinary drama at the WPL 2025, the UP Warriorz silenced a crowd of over 28,000 as RCB fell short...

Champions Trophy 2025: Ravindra, Latham, and Bracewell Secure New Zealand’s Place In The Semi-finals

While many teams are currently in transition, New Zealand have consistently demonstrated throughout this Champions Trophy that their new generation is ready for the...

Featured