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No business case: Samsung decides to skip India’s PLI scheme
- Tuesday | 22nd June, 2021
Samsung has reportedly told Indian officials that it will not apply for India’s production-linked incentive (PLI) scheme for telecom equipment in the absence of a strong business case. Additionally, Samsung has been importing 4G equipment for Jio from Vietnam and South Korea at zero duties through the free trade agreement route. Samsung is one of the key players to be leveraging the PLI scheme for mobile phones. Samsung had then committed Rs 4,915 crore ($673.29 million) investment for the factory. Indian is expecting fresh investment of Rs 3,000 crore ($405.41 million) through this scheme.
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