Not much for the Indian taxpayer, injured in the arm for Make in India
Talk to National herald on Samsung’s Noida plant, Navkendar Singh of Global Market Intelligence International Data Corporation (IDC) said the plant at the plant would not significantly affect smartphone prices.
“The current prices of smartphones in India are not high. They have not increased in the past six months. So the opening of this Samsung factory will have no effect on prices, ”said Singh, associate director at IDC India.
He said, however, that the Samsung factory was a “shot in the arm” for the Modi government’s Make in India policy. “What this plant does is send a message to the world that there is something right about the Indian business ecosystem. It’s a great positioning statement, ”Singh said.
Samsung said its production capacity in Noida would increase from 68 million to 120 million units by 2020 once the new factory is fully operational. Samsung India CEO HC Hong said the plant would position India as a “global export center” for mobile phones.
Navkendar Singh believes that once the factory is fully operational, India will start exporting cellphones to markets in Africa, the Middle East and Southeast Asia.
He explained that rising labor costs in China was one of the main reasons multinationals were looking for other manufacturing destinations. “India, on the other hand, continues to be one of the world’s fastest growing major economies. We are also one of the largest national economies. markets, ”he said.