Samsung may stop flagship manufacturing in India in response to new tax

GSMArena

GSMArena News
Joined
Nov 9, 2015
Messages
24,132
Points
1

Samsung could cease producing flagship phones like the Galaxy S9 and Note9 in India, reduce local smartphone manufacturing and exports of smartphones, if the Indian government doesn't rethink its recent actions. India's Phased Manufacturing Programme (PMP) is the issue here. PMP aims to promote local manufacturing of components in India and was originally planned to take effect in March 2020. But the Indian government has decided to speed things up and now demands production of said components start by February of 2019 - next month - or it will impose a 10% duty tax (that could end up...



https://www.gsmarena.com/samsung_may_stop_flagship_manufacturing_in_india_in_response_to_new_tax-news-35171.php
 
Top