Scheme for phone makers finds no takers amid coronavirus lockdown

With production units shut and sales halted owing to the coronavirus (Covid-19) outbreak, the country’s leading electronics and handset manufacturers are postponing new investments to boost local manufacturing.
 

Despite the government recently announcing two ambitious schemes for the sector to attract new investment, none of the companies is planning to avail them any time soon.
 

For instance, Samsung had announced a long-term plan to invest Rs 5,000 crore in its Noida facility that it aimed to make the largest handset production unit in the world. But now, it is yet to take a final call on the plan.
 

Sources said