Samsung Electronics has determined towards itemizing its India enterprise in the intervening time, opting as a substitute to focus on increasing its synthetic intelligence (AI) capabilities, enhancing native manufacturing, and rising its client finance choices within the nation, which stays a key marketplace for the South Korean tech big.
Speaking to PTI, JB Park, President and CEO of Samsung Southwest Asia, confirmed that the corporate has no plans for an preliminary public providing (IPO) in India in the meanwhile. “No, we don’t have any such plans as of now,” Park acknowledged, addressing hypothesis a few potential itemizing.
Samsung, which operates its largest smartphone manufacturing facility on the planet in Noida, is now specializing in additional increasing its manufacturing footprint in India. The corporate has utilized for the Manufacturing-Linked Incentive (PLI) scheme to domestically manufacture cell phone shows, underscoring India’s position as each a major home market and an export hub.
As the worldwide smartphone chief, Samsung has strengthened its presence in India, with its Noida plant turning into a key export hub in recent times. Whereas different South Korean corporations, akin to Hyundai Motor India and LG Electronics, have tapped public markets to lift capital, Samsung continues to prioritise inner progress over market-funded growth.
Park defined that the corporate has ample capital to fund its future progress alternatives by means of varied means, together with institutional borrowings and company bonds. “So, there are a number of choices you could get the working capital in place. So, IPO isn’t the plan for Samsung,” he added.
Samsung’s choice to forgo an IPO displays a broader technique geared toward long-term progress in India whereas retaining tighter management over its monetary and strategic course. The corporate can be specializing in its “Finance +” scheme, which permits customers to buy smartphones, televisions, and washing machines on interest-free month-to-month EMIs. Over 40% of smartphones are bought below this scheme, which is rising at 10% yearly, significantly in rural markets of northern and northeastern India.
Along with its give attention to monetary options, Samsung is accelerating AI adoption throughout its product lineup. Park highlighted the significance of AI in enhancing the person expertise, with upcoming improvements to be showcased at CES 2026, the world’s largest client electronics and IT exhibition in Las Vegas subsequent month.
Samsung will unveil upgrades to its AI-powered home equipment, together with the AirDresser, Laundry Combo, WindFree Professional Air Conditioner, and the Jet Bot Steam Extremely robotic vacuum, all of which supply smarter, personalised experiences. The corporate may even introduce its new AI-powered Household Hub Fridge, integrating Google Gemini for the primary time to enhance on-device meals recognition and administration.
Samsung’s world AI ambitions are underscored by its important funding in R&D in India, the place it employs over 10,000 engineers throughout three R&D facilities and a design middle. This workforce performs a key position in each native and world product improvements, additional cementing India’s strategic significance to Samsung’s progress and technological development.
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