Samsung to manufacture display panels in India

Joanna Estrada
January 21, 2020

The plant's primary focus is to produce displays that will be fitted in a wide range of devices including smartphones, and other IoT gadgets.

The South Korean electronics manufacturer Samsung is all set to set up its own manufacturing unit in India.

ET had written past year that Samsung Display wanted to set up a manufacturing unit in India.

According to the filing dated 3rd January, Samsung is willing to invest this huge sum in the country and Samsung Electronics started making smartphones in Noida, New Delhi a year ago and stopped productions in China where it has to contend with competition from many domestic rivals. However, the company quickly refuted the claims calling them "speculative" and "misleading". Meanwhile, Samsung is about to finish the expansion of its mobile manufacturing factory, the world's largest mobile phone factory in New Delhi. With this new unit, the Korea-based company would be looking to increase its dominance in the smartphone screen manufacturing space.

Veratech Intelligence founder Mohit Yadav stated Samsung's hence plan to make investments heavily to construct mobile displays in India because of big raise in India. That should lower manufacturing costs of the smartphones though it could be too early to predict if that is going to have any bearing on the price of Samsung mobiles in the country.

According to a report by IDC, BBK Electronics, through its sub-brands, holds 40 per cent market share, while Samsung now holds 19.1 per cent market share in the Indian smartphone market.

The Korean giant has plans to start manufacturing batteries in India as well but information surrounding the project is scarce for now.

In India's television market, Samsung competes against Sony, LG and more affordable smart television brands such as Xiaomi, Vu, Micromax, Intex, Motorola, OnePlus and Nokia. Join us. Just like our readers, our people deserve the best experience possible.

Other reports by Click Lancashire

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