Apple and Samsung will produce $5 billion smartphones in India, up more than 50 percent from target

According to the US-Hong Kong Telegraph, India's Economic Times reported on January 18 that apple and Samsung Electronics will produce $5 billion worth of smartphones in India in fiscal 2022, more than 50% higher than the target set by the authorities, stimulated by the Indian Production Association Incentive (PLI) program. Among them, mobile phone exports under the plan will account for about $2 billion in fiscal year 2022.