Home Telecoms Mobile Apple, Samsung looking to expand in India, minister says The South Asian nation is seeking to expand its early success in smartphones to other product categories by Bloomberg May 22, 2023 Apple and Samsung Electronics are among companies interested in increasing electronics production in India, a minister said, a boon for the country’s push to challenge neighbouring China as a manufacturing hub. The South Asian nation is seeking to expand its early success in smartphones to other product categories, Rajeev Chandrasekhar, India’s minister of state for technology, told Bloomberg TV last week. The country is launching a $2bn plan to boost local output of laptops, servers, tablets and other electronics. “We’ve had considerable success and tailwinds in the smartphone segment and we have increased interest from the likes of Apple and Samsung in expanding and growing here,” Chandrasekhar said. “We want to essentially replay that and add to that.” India’s financial incentives for smartphone manufacturing have resulted in Apple and Samsung exporting billions of dollars of handsets from the country. The new IT hardware production-linked incentive plan has been drawn up for companies such as Dell Technologies, HP and Lenovo Group, Chandrasekhar said. Prime Minister Narendra Modi’s government also wants to attract chip fabrication and chip packaging plants to India, he said. India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19bn plan, are taking time to get off the ground, Bloomberg News reported this month. Image credit: Unsplash Also read: Sharjah Municipality fees, fines can be paid using Google, Apple and Samsung e-wallets Tags Apple India Mobile Samsung Smartphone 0 Comments You might also like Flying Taxis: How Archer aims to revolutionise travel in the UAE Apple to halt US sales of Series 9, Ultra 2 smartwatches over patent dispute India’s economy follows China to reach rapid take off: Kemp India’s rupee hits fresh new low against UAE dirham