Samsung rules out India listing, to bet on interest-free EMIs

EVEN as one of its closest competitors LG Electronics India got listed in October this year, Samsung Electronics has ruled out listing its India business for now, saying it will instead focus on accelerating artificial intelligence adoption across its products and expanding its consumer finance arm to drive sales in one of the most important growth markets.

- ENS ECONOMIC BUREAU @New Delhi

In an interview to PTI, President and CEO of Samsung Southwest Asia JB Park said the South Korean giant is looking to deepen its manufacturing footprint in India and has applied under the production-linked incentive (PLI) scheme for components to manufacture mobile phone displays in India.

Samsung runs its largest smartphone manufacturing facility in the world in Noida, which has evolved into a key export hub in recent years.