The electronic giant Samsung Electronics is in plans to double up the production ability for its mobile phones and fridges at its key major factory in India very soon.
The South Korean based giant in a statement said that it would pay out 49 billion rupees ($764 million) over three years to increase the factory on an additional 35 acres at the site on the outskirts of New Delhi. It also builds televisions at the plant.
As we all know that India is the world's second chief smartphone market and its quick flattering a battlefield for handset manufacturers vying for a bigger share as sales in Asian powerhouse China begin to cover.
" Samsung would want to reduce their dependence on manufacturing in Vietnam and shift more operations to India," said Tarun Pathak, the associate director at technology research firm Counterpoint.
"India looks like a promising manufacturing hub in the coming years and Samsung could make it their base for exports."
Samsung's latest development plan also comes at a time Indian Prime Minister Narendra Modi's government is approaching to augment technology manufacturing through its flagship "Make in India" scheme launched in 2014.
The news comes right after tech giant Apple began bringing together its iPhone SE model last month in the southern Indian technology hub of Bengaluru and a government official also said that it could augment the local share of production over time.
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