Amid the heavy US tariffs imposed on vietnam, South Korean tech giant samsung is considering shifting part of its smartphone and electronics manufacturing to India. According to a Moneycontrol report, a source familiar with the matter said, "Yes, talks are going on with electronic manufacturers in India. Many of these are also old partners of the company."
Many more companies in the queue
He further said, not only samsung, many other companies are also exploring the possibility of shifting their production to India. A day before this, news came out that Google's parent company Alphabet Inc. has started discussions with its contract manufacturing partners in india - Dixon Technologies and Foxconn - to shift a part of the production of Pixel smartphones from vietnam to India.
vietnam has been Samsung's manufacturing hub
vietnam has been a major manufacturing hub for Samsung. In the financial year 2024, the company exported mobile phones and spare parts worth more than $ 52 billion from here, which is 9 percent of Vietnam's total trade.
Last year, Vietnam's electronics exports reached $ 142 billion, which is five times more than India's $ 29.2 billion exports in FY 2024. Before samsung and Alphabet, apple products are already being assembled in India. In such a situation, it can be said that in the coming time, india will emerge as a major electronics supply chain in the world.
So much tariff imposed on Vietnam
Let us tell you that Donald Trump's government in the US has announced a 46 percent tariff on Vietnamese imports, while a 26 percent tariff has been imposed on India. Meanwhile, the US has banned tariffs imposed on all countries except china for 90 days.
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