Samsung plans to make 3.7 lakh crore rupees mobile phones in India in 5 years

Samsung plans to make 3.7 lakh crore rupees mobile phones in India in 5 years

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new Delhi: Smartphone maker samsung According to government sources, there are plans to produce Rs 3.7 lakh crore worth of mobile phones in India in the next five years.
The company has discussed its plan with senior officials in the electronics and IT ministry.
People familiar with the discussion said that the company will manufacture smartphones worth Rs 2.2 lakh crore, priced above Rs 15,000 per unit under the production-linked incentive (PLI) scheme.
An official told PTI on condition of anonymity, “Samsung is now planning to make $ 50 billion (Rs 3.7 lakh crore) of mobile phones in the next five years. Out of this, a smartphone worth $ 30 billion will be produced. . ” .
Samsung did not respond to a query sent on the matter.
Apart from Samsung, major global players Wistron, Pegatron, Foxconn and Hon Hai and Indian companies such as Lava, Dixon, Micromax, Padgate Electronics, Sujo, UTL and Optimus have applied for benefits under the PLI scheme.

The government hopes that mobile phones worth Rs 11 lakh crore will be made in the country in the next five years.
According to estimates by the India Cellular and Electronics Association (ICEA), mobile phone companies will increase the production of the device under the PLI scheme in the country by Rs 27.5 lakh crore.
Currently, the production of mobile phones per year in the country is estimated to be more than Rs 2 lakh crore employing around 5-6 lakh people.
The government hopes to attract an investment of Rs 1 lakh crore in the region and will create a revenue potential of Rs 10 lakh crore by 2025.
It notified three schemes on 1 April for the promotion of electronics.
These were plans for the manufacture of electronic components and semiconductors, the Modified Electronics Manufacturing Cluster (EMC 2.0) scheme, and the production-linked incentive scheme for large-scale electronics manufacturing.
Samsung has moved quickly on the government’s Make in India initiative. It has set up the world’s largest mobile phone factory in Uttar Pradesh with an annual handset production capacity of up to 120 million units.
According to ICEA, the total mobile phone market value in India has crossed Rs 2 lakh crore.
According to research firm IDC, Samsung accounted for 24 percent of India’s mobile phone market in the April-June quarter.

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