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.
Export trends under PLI scheme
Samsung exported $4.4 billion in FY24-25 but dropped to $4 billion in FY25-26 when not part of PLI scheme.
New scheme eligibility requirements
To qualify for incentives, Samsung must increase annual sales by Rs 5,000 crore in FY27, Rs 10,000 crore in FY28, and Rs 25,000 crore in FY31.
Global production strategy
Samsung may shift production from Vietnam to India to take advantage of incentives while maintaining global cost efficiencies.
The big picture
Samsung aims to boost India phone exports to $2.6 billion by fiscal 2027 under a new government incentive scheme.
