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Published 2 years ago

Samsung to exit low value feature phones business in India

Summary by Times of India
The move comes with the Korean company, among the two major multinational contributors to the governments production-linked incentive (PLI) scheme, mandated to get sops only on producing handsets worth over Rs 15,000 factory price and, as average selling prices in India rise with the Rs 10,000-20,000 price segment seeing the most traction by volume, say market experts.

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