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Samsung Electronics spars with India over $110 mn production incentives

The smartphone giant's India unit is seeking just under 9 billion rupees ($110 million) in incentives for the fiscal year through March 2021, people familiar with the matter said

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Sankalp Phartiyal | Bloomberg
Samsung Electronics Co. is struggling to collect manufacturing incentives it considers it’s owed by India, highlighting the sometimes complicated nature of such government programs.

The smartphone giant’s India unit is seeking just under 9 billion rupees ($110 million) in incentives for the fiscal year through March 2021, people familiar with the matter said. But the government is only willing to give the South Korean firm 1.65 billion rupees unless it can provide more information and documents to support its claim, the people said, asking not to be identified as the matter isn’t public.

The incentives are a key

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First Published: Jan 18 2023 | 2:45 PM IST

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