Business · Companies · 1 hr ago
Samsung considers expanding phone exports from India under new incentive scheme
Samsung plans to increase phone exports from India under a new government incentive scheme.
The South Korean company is considering expanding production and making fresh investments, and may move some production from Vietnam.
Vietnam remains Samsung’s global manufacturing and export hub, while the company also has a major factory in Noida.
Samsung exported phones worth about $2.6 billion from India in the first five months of the current fiscal year, putting it on track for a possible record in fiscal 2027.
The five-year scheme offers incentives of 2.5% to 5%, with an extra 1.5% for companies using certain locally made components.
Existing brands must raise annual sales by set amounts from fiscal 2026 to qualify, and higher exports can help them earn more under the scheme.
The application window opened on October 15, and companies are expected to apply in the coming months; Samsung’s production choices may also depend on costs and demand for phones.
Samsung is considering increasing mobile phone production and exports from India under a new government incentive scheme.
The company may make fresh investments and could shift some production from countries such as Vietnam, depending on costs.
Samsung exported phones worth about $2.6 billion from India in the first five months of the current fiscal year.
The five-year scheme offers incentives of 2.5% to 5%, with an additional 1.5% for companies using certain locally made components.
Samsung did not respond to an Economic Times request for comment.
- Who
- Samsung, the South Korean electronics company, and the Indian government.
- What
- Samsung is considering expanding phone production and exports from India to benefit from a new incentive scheme.
- When
- The report was published on October 23, 2026. The scheme's application window opened on October 15.
- Where
- India, with possible production shifts from countries including Vietnam.
- Why
- Higher exports can help companies qualify for larger incentives under the scheme.
This story does not have two clearly opposing sides.
India implemented a production-linked incentive scheme for mobile phones.
Samsung completed its five-year tenure in the earlier PLI scheme, according to the article.
The application window for the new scheme opened.
Samsung exported phones worth about $2.6 billion from India.
- New scheme
- Five years; Rs 62,300 crore
- Incentive rates
- 2.5% to 5%, plus 1.5% for use of specified locally made components
- Samsung exports
- About $2.6 billion in the first five months of the current fiscal year
- Sales threshold
- Existing brands must increase annual sales by at least Rs 5,000 crore, against FY2026
- Prior exports
- About $21.2 billion worth of phones from India since FY2020-21
What people are saying
During discussions on the new scheme, Samsung committed to increasing exports and taking all the measures including increasing capacity and recalibrating its global production strategy to make India a major hub for phone manufacturing