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Samsung Electronics Co. denied media reports that it is pursuing to build a 4G and 5G network equipment plant in Uttar Pradesh, saying that nothing has yet been determined.
According to foreign media, Samsung applied for the Indian government's production-linked incentive (PLI) scheme to get tax benefits.
The reports said the company's upcoming plant will supply network equipment to India's largest telecom firm, Reliance Jio, and clients in other countries.
The South Korean tech giant previously supplied 4G network gear to Reliance Jio. It currently manufactures network equipment in South Korea and Vietnam.
Samsung recently signed 5G supply solutions with Japan's NTT Docomo, Canada's SaskTel, and New Zealand's Spark.
Samsung was the world's fifth-largest 5G network equipment vendor in the fourth quarter of 2020 with a market share of 7.1 percent, trailing Huawei with 31.4 percent, Ericsson with 28.9 percent, Nokia with 18.5 percent. and ZTE with 10.9 percent.
