#samsungindia

Samsung to relocate mobile display plant from China, to invest Rs 4,825 crore in Yogi Adityanath’s Uttar Pradesh: Details of the deal

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 Smartphone major  Samsung is all set to relocate its mobile and IT  display production unit from China to Uttar Pradesh and invest Rs 4,825 crore in the state. According to the reports, the new production plant by  Samsung will be the first high-technique project, which is being set up in India after relocating from China. The new project is likely to generate 1,500 … Read more

Apple and Samsung to manufacture smartphones worth $5 billion in FY23, may outperform govt’s PLI Scheme target by more than 50%

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In the financial year 2022-23, Apple and Samsung are set to manufacture smartphones worth over $5 billion (almost Rs 37,000 crore) in India. The two behemoths are on track to outperform the government’s PLI Scheme objectives by more than 50%. IANS spoke with Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA). “The leading global … Read more