Samsung plans producing Rs 3.7 trn worth mobile phones in India over 5 yrs

Smartphone maker Samsung plans to produce mobile phones worth Rs 3.7 trillion in India over the next five years, according to government sources.

The company has discussed its plan with senior officials in the Ministry of Electronics and IT.

People aware of the discussion said the company will be manufacturing smartphones worth Rs 2.2 trillion, priced above Rs 15,000 per unit, under the production-linked incentive (PLI) scheme.

"Samsung is now planning to make mobile phones worth $50 billion (Rs 3.7 trillion) in the next five years. Out of this, smartphones worth $30 billion will be produced under the PLI scheme,"