Samsung, which once led India’s smartphone market, is investing $500 million in its India operations to set up a manufacturing plant at the outskirts of New Delhi to produce displays.

The company disclosed the investment and its plan in a filing to the local regulator earlier this month. The South Korean giant said the plant would produce displays for smartphones as well as a wide-range of other electronics devices.

In the filing, the company disclosed that it has allocated some land area from its existing factory in Noida for the new plant.

In 2018, Samsung opened a factory in Noida that it claimed was the world’s largest mobile manufacturing plant. For that factory, the company had committed to spend about $700 million.

The new plant should help Samsung further increase its capacity to produce smartphone components locally and access a range of tax benefits that New Delhi offers.

Those benefits would come in handy to the company as it faces off Xiaomi, the Chinese smartphone vendor that put an end to Samsung’s lead in India.

Samsung is now the second largest smartphone player in India, which is the world’s second largest market with nearly 500 million smartphone users. The company in recent months has also lost market share to Chinese brand Realme, which is poised to take over the South Korean giant in the quarter that ended in December last year, according to some analysts.

TechCrunch has reached out to Samsung for comment.

Source link


  1. I got this web page from my buddy who told me regarding this site and now this
    time I am browsing this web site and reading very informative posts at
    this place.

  2. They phone the writer Shonda while she doesn’t seriously like currently being identified as like that. He is currently a output and distribution officer but he programs on transforming it. What me and my family appreciate is to perform rock and roll and now I have time to acquire on new items. I’ve generally cherished dwelling in New Jersey.

  3. Do you mind if I quote a few of your posts as long as
    I provide credit and sources back to your weblog? My
    blog is in the exact same niche as yours and my visitors
    would definitely benefit from some of the information you provide here.
    Please let me know if this alright with you. Thanks!

  4. Nice to satisfy you, my name is Brendan but I don’t like when men and girls use my whole title. Texas is his beginning spot but he wants to shift because of his family customers. Managing persons has been his career for some time and his salary has been genuinely fulfilling. The issue he adores most is to foundation bounce but he’s considering on beginning a issue new.

  5. Howdy! This blog post could not be written any better! Reading through this post reminds me of my previous roommate! He constantly kept talking about this. I’ll send this article to him. Pretty sure he will have a great read. Thanks for sharing!

  6. To begin with I would want to say awesome blog! I needed a fast question that I’d prefer to ask when you don’t
    mind. I was curious to find out how you center yourself and
    clear your thinking before writing. I’ve had difficulty
    clearing my thoughts in obtaining my ideas around.

    I truly do enjoy writing however it just appears like the very
    first 10 to 15 minutes are generally wasted just trying to figure
    out where to start. Any recommendations or hints?
    Appreciate it!

    Take a look at my homepage – Travelers Notebook Bullet Journal


Please enter your comment!
Please enter your name here