Samsung is planning for the big move in the smartphone business to India

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According to a new report from the The Economic TimesSamsung is getting ready to move to a large part of the production line to India. According to sources close to the matter, Samsung is already planning to take the Dutch east Indies government under the Production Linked Incentive (PLI), to produce the phones, valued at more than $40 billion (Rs 3 lakh crore) over the next five years in India. For the most part, the phones are made in India with a price tag at $200 (Rs 15,000) will be exported.

The move will come at the expense of Vietnam, which is a hub of Samsung in the production of the work and is now the second largest exporter of smartphones, behind China. Last year, Samsung has shut down its last remaining manufacturing plant in China. Prior to that, the Korean tech giant opened up its largest smartphone manufacturing plant in the existence, in Noida, in India, and continues to be a leading manufacturing hub will be a go.

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