The initial 5G rollout in India began a month ago, and telecom providers are working hard to expand availability. Samsung plans to invest Rs 400 crore in its Tamil Nadu facility to begin manufacturing 5G and 4G communications equipment.
According to an official statement provided to ET, the company intends to begin manufacturing of 5G/4G equipment in Kanchipuram, Tamil Nadu. This will be the first time that Samsung invests in telecom gear manufacturing in India, joining global peers Nokia and Ericsson in producing 5G equipment locally.
Samsung could be able to enter the Production Linked Incentive (PLI) scheme for telecom equipment as a result of this investment. The scheme provides incentives ranging from 4% to 7% for various categories and years, with the goal of encouraging Indian manufacturing.
According to reports, Samsung has secured contracts to manufacture telecom equipment from both Reliance Jio and Bharti Airtel. To recall, Samsung received approval as a “trusted” source from the National Security Council Secretariat (NSCS), which is required before production begins.
We can expect an official announcement from Samsung soon regarding this.