From The Economic Times · Kiran Rathee · · 1m 10s
Samsung Boosts India Phone Exports via New Scheme
Samsung plans to increase mobile phone exports from India using a new government incentive scheme.
In brief
Samsung plans to increase mobile phone exports from India using a new government incentive scheme. Samsung aims to boost India phone exports to $2.6 billion by fiscal 2027 under a new government incentive scheme. Originally reported by The Economic Times.
Samsung to boost India phone exports
Samsung plans to increase mobile phone exports from India using the government's new Mobile Phone Manufacturing Scheme.
New scheme offers export incentives
The scheme provides incentives of 2.5% to 5% for incremental shipments, with additional 1.5% for locally manufactured components.
Samsung's export strategy
Samsung exported phones worth $2.6 billion from India in the first five months of fiscal 2027, aiming for best ever exports.
Previous export trends
Samsung's exports dropped to $4 billion in fiscal 2025-26 when it was not part of the PLI scheme, then increased again this fiscal year.
Eligibility requirements
To qualify for incentives, Samsung must increase annual sales by Rs 5,000 crore in fiscal 2027, Rs 10,000 crore in fiscal 2028, and Rs 25,000 crore by fiscal 2031.
Global production strategy
Samsung may shift production from Vietnam to India to take advantage of incentives, but will align with cost efficiencies globally.
At a glance
Samsung aims to boost India phone exports to $2.6 billion by fiscal 2027 under a new government incentive scheme.
