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2023-05-19

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Apple, Samsung Looking to Expand in India, Minister Says

Apple Inc. and Samsung Electronics Co. are among companies interested in increasing electronics prod

Apple, Samsung Looking to Expand in India, Minister Says

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The country is launching a $2 billion plan to boost local output of laptops, servers, tablets and other electronics.</p><p>“We’ve had considerable success and tailwinds in the smartphone segment and we have increased interest from the likes of Apple and Samsung in expanding and growing here,” Chandrasekhar said. “We want to essentially replay that and add to that.”</p><p>India’s financial incentives for smartphone manufacturing have resulted in Apple and Samsung exporting billions of dollars of handsets from the country. The new IT hardware production-linked incentive plan has been drawn up for companies such as Dell Technologies Inc., HP Inc. and Lenovo Group Ltd., Chandrasekhar said.</p><p>Prime Minister Narendra Modi’s government also wants to attract chip fabrication and chip packaging plants to India, he said. 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The country is launching a $2 billion plan to boost local output of laptops, servers, tablets and other electronics.“We’ve had considerable success and tailwinds in the smartphone segment and we have increased interest from the likes of Apple and Samsung in expanding and growing here,” Chandrasekhar said. “We want to essentially replay that and add to that.”India’s financial incentives for smartphone manufacturing have resulted in Apple and Samsung exporting billions of dollars of handsets from the country. The new IT hardware production-linked incentive plan has been drawn up for companies such as Dell Technologies Inc., HP Inc. and Lenovo Group Ltd., Chandrasekhar said.Prime Minister Narendra Modi’s government also wants to attract chip fabrication and chip packaging plants to India, he said. 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