Samsung Boosts India as Tech & Manufacturing Hub via PLI Scheme

Samsung plans to establish India as a major tech and manufacturing hub, aligning with the government's PLI scheme. The company is seeking an extension for smartphone PLI and has applied for incentives for mobile display components. This move reflects a strategic shift towards AI-driven devices and deeper localization.

• Samsung aims to make India a significant technology and manufacturing hub.
• The company has applied for the PLI scheme for mobile display components.
• Samsung is also seeking an extension for its smartphone PLI program approval.
• A strategic shift towards AI-enabled devices is central to Samsung's plans.
• Samsung is open to sourcing semiconductors from Indian suppliers if competitive.
• Exports contributed 42% to Samsung's India revenue in fiscal year 2025.

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