Saturday, July 13, 2024

Apple, Samsung looking to expand in India, says MoS Rajeev Chandrasekhar.

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According to the Minister of State (MoS) for Electronics and Information Technology, Rajeev Chandrasekhar, both Apple and Samsung are exploring opportunities to expand their presence in India. The minister revealed that discussions have taken place with representatives from both companies, highlighting their interest in investing and manufacturing in the country.

Apple, known for its popular iPhone and other devices, has been steadily increasing its focus on the Indian market in recent years. The company has already started local production of some iPhone models in India to benefit from the government’s Make in India initiative and reduce import costs. Apple’s plans for further expansion in India indicate its recognition of the country’s growing consumer base and the potential for increased sales.

Similarly, Samsung, a leading global electronics manufacturer, has been operating in India for many years. The company has established manufacturing facilities in the country and has consistently introduced new products tailored to the Indian market. Samsung’s interest in expanding further underscores India’s significance as a key market for consumer electronics.

The Indian government has been actively promoting local manufacturing through various initiatives and policies, such as the Production Linked Incentive (PLI) scheme, aimed at attracting foreign investments and boosting domestic production. The engagement of major tech giants like Apple and Samsung aligns with these efforts and demonstrates the country’s attractiveness as a manufacturing hub.

Expanding their manufacturing operations in India would not only allow Apple and Samsung to cater to the growing demand within the country but also potentially leverage India’s strategic location as an export base to serve other markets in the region.

Additionally, the investments and expansion plans of these tech giants are expected to generate employment opportunities and contribute to the development of India’s manufacturing ecosystem.

As discussions progress and concrete plans materialize, it is anticipated that Apple and Samsung will make significant contributions to India’s economy and strengthen their market positions in the country.

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