Samsung Vying To Apply For Telecom PLI Scheme If Deadline Is Extended: Report

- Advertisement -
- Advertisement -

Samsung Electronics had revealed earlier that it would not be partaking in the telecom PLI scheme

South Korean electronics giant Samsung Electronics is reportedly vying to apply for the Centre’s production-linked incentive (PLI) scheme for telecom networking gear provided its application deadline is extended by the government.

- Advertisement -

An Economic Times report quoted senior executives who approached the government in this matter saying, “There is pressure on Samsung for not participating in the PLI scheme for telecom network equipment.”

Samsung Electronics had revealed earlier that it would not be partaking in the telecom PLI scheme since it does not wish to invest any further money in expanding its manufacturing power in a market where it has Reliance Jio as the sole client. Samsung has been importing the equipment duty-free through the free trade agreement (FTA) route from South Korea and Vietnam.

Following this, the Centre had expressed its dissatisfaction multiple times to the top brass of the Korean giant before the Cabinet reshuffle for not applying in the PLI scheme for telecom equipment, through senior bureaucrats in the ministry of electronics and IT, and the telecommunications department, as per the report.

“The government wants Samsung to invest to make India one of its global production hubs. The company is re-evaluating and may request the government if its application can be accepted since the deadline is now over,” said an industry executive.

Samsung also did not apply for the IT hardware PLI scheme, although it did participate in the PLI scheme for smartphone manufacturing. The deadline for receiving telecom PLI applications closed on July 3.

Another executive said there was similar pressure from the government a couple of years back to restart Samsung’s India television manufacturing unit which it had shut. The company has since reopened the plant and expanded TV production in India through contract manufacturers.

“The government wants marquee investors to invest in PLI schemes. In fact, government officials have also expressed their disappointment that Samsung did not apply even for the IT hardware PLI scheme and fears that it may not do so in upcoming ones like that for AC and wearables,” he said.

The company recently shifted its display manufacturing unit from China to Noida, Uttar Pradesh.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

5G RedCap To Transform IoT Module Shipments

0
Over 60% of IoT module shipments will originate from the Asian & Oceania region. Automotive sector is expected to be a significant driver. The...

Buzz

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...
Keysight Technologies Pvt Ltd Logo

Keysight Acquires Spirent Communications For $1.46 billion, Outbids Rival Viavi Solutions

0
Keysight's offers 85.9% premium over Spirent's closing price on March 4, exceeding Viavi's 61.4% premium. Keysight expects new serviceable available market opportunities of...

Important Sectors

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...
Keysight Technologies Pvt Ltd Logo

Keysight Acquires Spirent Communications For $1.46 billion, Outbids Rival Viavi Solutions

0
Keysight's offers 85.9% premium over Spirent's closing price on March 4, exceeding Viavi's 61.4% premium. Keysight expects new serviceable available market opportunities of...

Hyundai Motor Boosts EV Investment In Korea

0
The automaker stated that over half of the investment, amounting to 35.5 trillion won will be dedicated to new R&D infrastructure and EV assembly...

Manufacturing

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...