South Korean multinational conglomerate Samsung has told the Indian government that it would not be taking part in the Production Linked Incentive (PLI) scheme for telecom equipment. According to the tech company, it would not be able to make the investments required for manufacturing in the country since it has only one customer in the Indian telecom market. The information was conveyed in a meeting with officials of the Department of Telecommunications(DoT) earlier this week.
However, it is understood that the senior level management at Samsung assured the government that it would take benefit of any such opportunity available in future.
The PLI scheme, first started by the Indian government for mobile phones, aims to encourage manufacturing in the country by providing direct incentives for production. Samsung has already taken part in the PLI for manufacturing mobile handsets.