Samsung moves display factory from China to Uttar Pradesh
Samsung is in the process of relocating the plant to the state from China, the Uttar Pradesh administration said in a statement, a move that will help boost Prime Minister Narendra Modi’s flagship campaign to make money. India a manufacturing center.
India is the world’s second largest smartphone market with significant growth potential, which has prompted companies such as Samsung to expand locally.
New Delhi earlier this year also approved financial incentives – as part of a $6.65 billion federal plan to boost domestic production of smartphones – for 16 companies, including Samsung and major Apple suppliers. Foxconn, Wistron and Pegatron.
Samsung had sought tax and other incentives from Uttar Pradesh for the smartphone display factory, Reuters previously reported.
The unit, which is expected to create 510 direct jobs, should be operational next year.
Samsung already operates one of the world’s largest mobile phone manufacturing plants in Uttar Pradesh.
