Following in Apple’s footsteps, the South Korean company could move part of its production to India.
Samsung is working on its future terminals, as a Cheap Galaxy S20. Some devices that could be made in India, since the South Korean company could go the way of Apple and it would move a significant part of its smartphone production to that country.
At least that is what sources of the Economic Times, which claim that Samsung plans move part of its production in Vietnam and other countries to India under the system of incentives linked to the country’s production, which rewards national manufacturing.
Back of the Samsung Galaxy S20 Ultra.
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Reports suggest that the company expects produce more than $ 40 billion on devices in India for the next five years. In addition, they also point out that most of that value, around 25,000 million dollars, would come from smartphones with a price above 200 dollars.
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Samsung plans to move its production to India, as Apple did
This is the screen of the Samsung Galaxy Note 10+.
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According to estimates, currently approximately half of Samsung’s production is in Vietnam. However, the South Korean firm is expected to move much of its production to India. Apple already made this move recently, beginning to manufacture more iPhones in the Asian country.
For its part, Samsung would have a clear economic incentive to change its manufacturing, since this way avoid a 20% import duty, which would allow it to keep the prices of some of its smartphones low in India. A measure that would help to obtain better results in one of the most important technology markets.
At the moment it is just a rumor, since the South Korean firm you have not confirmed yet if you will make this move, which would help you to become stronger in the Indian market, one of the most powerful in the sector.
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