
Samsung laptop production at Noida plant to meet India requirement only
Expanding its manufacturing portfolio in India, the electronics major recently started producing laptops at a Noida factory. Samsung has been manufacturing feature phones, smartphones, wearables, and tablets in India till now.
New Delhi, Aug 18 (PTI) Korean electronics major Samsung's laptop production at a Noida plant is targeted at meeting the requirements of the Indian market for now, sources aware of the development said.
An email query sent to Samsung did not elicit any reply.
Union Electronics and IT Minister Ashwini Vaishnaw, after a meeting with Samsung Southwest Asia President and CEO JB Park, and Samsung Southwest Asia Corporate Vice President SP Chun, on Saturday said that 'Samsung continues to expand manufacturing of its advanced technology devices in Bharat, driven by talent and innovation.' Samsung was one of the first global electronics companies to set up a manufacturing facility in India in 1996.
Samsung Electronics President and Head of Mobile eXperience (MX) Business TM Roh, last year, had shared that the company has started preparation for manufacturing laptops in India.
Globally, Samsung has its second-largest mobile phone manufacturing unit in India and it is the second-largest exporter of handsets from the country after Apple.
While Samsung is the second largest smartphone player in India, both in terms of value and volume share as per a Counterpoint Research report, the company is yet to make its mark in the laptop segment.
Samsung is also the second-largest player in the tablet PC segment, with a 15 per cent share, according to the CyberMedia Research report. PTI PRS MR
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

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Hindustan Times
25 minutes ago
- Hindustan Times
India-China talks yield broad breakthroughs
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Several other initiatives were finalised at Wang's meeting with Jaishankar on Monday, including resumption of direct flights 'at the earliest' and finalisation of an updated air services agreement. Direct flights stopped during the Covid-19 pandemic and this continued after the face-off on the LAC. Both sides also agreed to facilitate visas for tourists, businesses, media and other visitors. Besides reopening border trade through three designated points at Lipulekh pass, Shipki pass and Nathu La, both sides agreed to facilitate trade and investment flows between the two countries through concrete measures. India had restricted foreign direct investments from China through Press Note 3 in April 2020. The two sides will also continue and expand the pilgrimage to Mount Kailash and Manasarovar lake in the Tibet region, starting from 2026. The pilgrimage resumed after a gap of five years in April. The two sides agreed to 'give full play to the role of India-China Expert Level Mechanism on Trans-border Rivers' and discuss the renewal of relevant MoUs. 'The Chinese side agreed to share hydrological information during emergency situations based on humanitarian considerations,' the statement said against the backdrop of Indian concerns about China's plan to build a mega dam in Tibet. Both sides also agreed to support each other in hosting diplomatic events. For instance, China will support India's presidency of Brics in 2026, and India will back China in hosting the 2027 Brics Summit. They will resume bilateral dialogue mechanisms and exchanges to address each other's concerns and manage differences, including holding a meeting of the High-level Mechanism on People-to-People Exchanges in India in 2026. The Chinese side welcomed Modi's attendance at the upcoming SCO Summit in Tianjin, and the Indian side looked forward to a successful summit with fruitful outcomes. Both sides agreed a stable, cooperative and forward-looking relationship is in the mutual interest of both countries to 'realise their development potential fully'. India and China also agreed to uphold multilateralism, enhance communication on major international and regional issues, maintain a rules-based multilateral trading system with the WTO at its core, and promote a multipolar world that safeguards the interest of developing countries. In what appeared to be a reference to the trade policies of the US administration, a Chinese foreign ministry statement quoted Wang as saying that the two sides reached consensus on 'deepening mutually beneficial cooperation, upholding multilateralism, jointly addressing global challenges, and opposing unilateral bullying'. Wang also said the two sides reached a new consensus on the border issue, including 'properly handling sensitive points and initiating boundary demarcation negotiations where conditions permit'. 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Pointing to an 'upward trend' in relations over the past nine months, he said: 'Borders have been quiet, there has been peace and tranquillity, our bilateral engagements have been more substantial.' Wang described the border situation as 'stable and improving' and said the setbacks experienced by India and China in the past few years were not in the interests of the people of both sides. The meeting between Modi and President Xi Jinping in October last year 'provided impetus for the proper settlement of the boundary question', he added. 'We are heartened to see the stability that is now restored in the borders,' Wang said. 'The Chinese side attaches great importance to the Prime Minister's visit to China to attend the SCO Summit at our invitation.' Despite the signs of a thaw, there were also indications of continuing concerns on the Indian side, including cross-border terrorism emanating from Pakistan, a close ally of China, and Beijing's plans to build what will be the world's largest hydropower dam in Tibet that could affect the flows in the Brahmaputra river. The Indian side strongly raised all forms of terrorism, including cross-border terrorism, while recalling that one of the original objectives of the SCO, which is currently led by China, was to counter the 'evil of terrorism', the external affairs ministry said in a statement. Wang 'concurred that countering terrorism should be given the highest priority', the statement added. External affairs minister S Jaishankar, who met Wang on Monday, 'underlined India's concerns with regard to the mega dam construction being undertaken by China in the lower reaches of the Yarlung Tsangpo (Brahmaputra river), which will have implications for lower riparian states,' the statement said. Jaishankar strongly underlined the 'need for utmost transparency' on this project, it added. The two Special Representatives met even as a senior Indian government official said Wang had assured Jaishankar at their meeting on Monday that China is addressing India's concerns regarding restrictions on the export of rare earth minerals, fertilisers and large tunnel boring machines.


Deccan Herald
an hour ago
- Deccan Herald
The rhetoric and real costs of trade wars
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There are many moving parts – Russia and Ukraine could arrive at a truce as early as next month. India has already started to demonstrate it is willing to reduce its import of Russian oil while not displeasing Russia. The midterms in the US could go against Trump, and the US courts could reverse Trump's executive decisions. Importantly, Trump does not define the long-standing US relationship with India. Trump himself may not have a long-term view on this the US, it seems clear. The average tariff on its imports has seen inflows of $28 billion, three times post these levies were collected in June. This aggregates to $350 billion. Add to this DOGE cuts and some others, and we have $500 billion being saved or added to the US treasury. This pays half its annual interest cost of $1 trillion, which, if left alone, is not sustainable. This is good for no one, as it is the world's biggest market by the short term, one sees no harm in subtly managing the relationships and dynamics at play and being practical. In the long term, anyway, as economist John Maynard Keynes said, we are all dead..(The writer is the former managing director of a Tata Company and now runs a Bengaluru-headquartered corporate finance practice)


NDTV
an hour ago
- NDTV
Want To Live In Portugal? Indians Can Apply For A Golden Visa But There's A Catch
Known for its beautiful coastline and rich history, Portugal has emerged as one of Europe's most attractive destinations for Indians seeking permanent residency (PR). With its unique culture and high quality of life, Portugal offers a Golden Visa that allows you to stay and live there. What Is Portugal's Golden Visa? The Portugal Golden Visa is a residency by investment program that allows you to live, work, and study in the country. It also gives visa-free access to the Schengen Area. It also opens up an oppotunity for Indian citizens a chance to secure residency in Portugal and eventually EU citizenship through qualifying investments. Who Is Eligible? You can apply for a Portugal Golden Visa if you meet the following requirements: Should be 18 years or older. Open to all non-EU/EEA/Swiss nationals, including Indians. A clean criminal record from Indian or any other country where they have lived recently. Someone who can either purchase a property, transfer capital, or invest in businesses or funds. Applicant must stay in the country for 7-14 days per year to maintain residency. The catch? You need to invest a hefty amount of funds to obtain Portugal's Golden Visa. There are different types of investments that you can do, including: A fund subscription, which basically includes a minimum of €500,000 subscription in a qualifying Portuguese fund, such as Venture Capital funds and Private Equity. Start a new business wherein you create 10 new full-time jobs in Portugal. Invest a minimum of €500,000 in an existing Portuguese business and create five full-time jobs for at least 3 years. Make a donation of €500,000 for a research and development activity in Portugal. You can also invest €250,000 in preserving national heritage in Portugal. Note: As per the latest update, the real estate investment is no longer an option after October 2023 for new applicants. Documents Required Completed the Golden Visa application form A valid passport issued within the last 10 years and with a validity of 3 months Passport-sized photographs Police clearance certificate Proof of investments Portuguese bank statement confirming the investment transfer A statement stating investment for 5 years A valid health insurance covering at least €30,000 in the Schengen states Tax and social security clearance from Portugal, issued within 45 days Proof of fee payment for the application and processing How To Apply Step 1: Get a Portugese Tax Number and a bank account for completing an investment. Step 2: Make the investment by transferring funds from outside Portugal and complete the qualifying investment. The investment must be maintained for at least 5 years. Step 3: All documents must be notarized, apostilled, and translated into Portuguese if necessary. Step 4: Submit the application online, which is filed through Potugal's official immigration portal (AIMA or Agencia para a Integracao, Migracoes e Asilo). Step 5: Once the application is approved, you must travel to Portugal to provide fingerprints and photos. Step 6: The initial residence permit is valid for 2 years, renewable for another 3 years, leading to permanent residency and citizenship after 5 years. As per the latest update, the Portuguese government proposed some changes to the nationality law that may change Golden Visa rules. However, the proposal is currently under review. It is recommended to keep following the official website for the latest updates.