One of the leading manufacturing brands in the world, Samsung has been in discussions with three investors for establishing a mobile manufacturing unit in Pakistan. According to sources, one out of the three parties has a franchise from Korea which has already set up vehicle assembling factories in Pakistan following Auto Development Policy (ADP) 2016-21, while the other two are different parties.
So far, no official agreements have been signed, as Samsung will be shortlisting several companies, and is in the process of finalizing its plan to grant the license to one of the organizations for cellphone manufacturing. The world’s largest smartphone manufacturer announced in a profit estimate on Wednesday that it expected operating profit of around 12.5 trillion won ($11 billion) for April to June, up from 8.15 trillion won a year earlier.
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Furthermore, the news of the company establishing mobile assembly plants in Pakistan broke last year when then Minister for Industries and Productions Hammad Azhar tweeted that “Smartphone production in Pakistan is multiplying following the Device Identification, Registration and Blocking System (DIRBS) implementation and Mobile [Device Manufacturing] Policy launched recently”.
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Smartphone production in Pak is multiplying following DIRBS implementation and Mobile Policy launched recently.
Met with the Samsung Pakistan MD and CEO. They appreciated both policies and are now actively considering setting up a smartphone assembly plan in Pakistan. pic.twitter.com/8bGBnCWvir— Hammad Azhar (@Hammad_Azhar) August 21, 2020
In addition, market sources further reported that Samsung might favor the option to sign an agreement with one of the Korean companies running in Pakistan as it already shares a comfort level with them.
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Till now, 21 firms have been provided with a mobile device manufacturing authorization from March to June 2021, after the Engineering Development Board (EDB), an entity of the Ministry of Industries and Production (MoIP), approved Mobile Device Manufacturing Policy (MDMP) in 2020.
Source: Dawn
