Samsung To Build A 500 Million-Worth Display Manufacturing Facility In India
Aadhya Khatri - Jan 20, 2020
According to Samsung, it plans to produce screens for smartphones as well as other devices in the facility
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Samsung was once the leading company on the Indian smartphone market and it has recently announced another plan in the country.
The Korean tech giant will pour in an investment of $500 million to set up facilities on the outskirts of New Delhi to manufacture displays. The investing plan was revealed to the local authority earlier this month. According to the Korean electronics company, it plans to produce screens for smartphones as well as other devices in the facility.
In what the company files to New Delhi’s regulators, it said that some of the lands for the Noida factory would be allocated for the new facility.
Back in 2018, xnxubd Samsung introduced a factory in Noida, which it claimed to be the largest smartphone producing plant in the world. The Korean tech giant has promised to invest in $700 million for the plant.
What it expects to gain from this is to increase the capacity of manufacturing smartphones in India to gain access to the tax benefits that the city has to offer.
These benefits should help it tremendously in the war against Xiaomi, the Chinese phone maker that has dethroned xnxubd Samsung in India to be the biggest phone provider.
India is by far the second-largest smartphone market in the world, boasting around 500 million users, and the Korean tech giant is ranking second after Xiaomi in the country.
However, India is not the only market xnxubd Samsung is losing its market shares. Recently, it has been beaten in China by the local brand Realme, which is believed to take that place of Samsung in the last quarter of 2019, as stated by some analysts.