NEW DELHI: Rajeev Chandrasekhar, Minister of Information Technology, Government of India said,  Apple Inc and Samsung Electronics are among companies interested in increasing electronics production in India, which is good news for the nation's efforts to compete with China as a manufacturing base.

The state minister for technology said to Bloomberg TV's Rishaad Salamat and Haslinda Amin on Friday that his country is looking to expand its early success in smartphones to other product categories. A USD 2 billion strategy is being launched by the nation to increase domestic production of laptops, servers, tablets, and other gadgets.

In the smartphone market, we have seen significant growth and tailwinds, and companies like Apple and Samsung are becoming more interested in expanding and growing in this market, said the Minsiter. We intend to essentially repeat and build upon it.

Apple and Samsung have exported billions of dollars' worth of mobile devices from India thanks to financial incentives for the industry. The new incentive programme for IT gear manufacturers, including Dell Technologies Inc., HP Inc., and Lenovo Group Ltd, said Chandrasekhar.

He emphasied, the government of Prime Minister Narendra Modi also hopes to entice chip manufacturing and packaging facilities to India. As initiatives already disclosed, such as billionaire Anil Agarwal's $19 billion plan, are taking longer to get off the ground, Media reported this month that India is likely to redouble its drive to entice potential chipmakers into the nation.

About Apple inc and Samsung Electronics: Apple Inc. and Samsung Electronics are two of the largest and most influential companies in the technology industry. While they both operate in the same industry, there are several differences between the two companies in terms of their history, products, and market strategies.

Apple Inc. is an American multinational technology company founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976. The company is known for its innovative products, including the iPhone, iPad, Mac computers, and Apple Watch. Apple is known for its sleek and user-friendly designs, premium quality, and integration of hardware, software, and services.

Samsung Electronics, on the other hand, is a South Korean multinational conglomerate that was founded in 1938. While Samsung operates in various industries, including electronics, shipbuilding, and construction, its electronics division is the most well-known. Samsung is a major player in the global smartphone market, manufacturing a wide range of smartphones, tablets, televisions, home appliances, and other consumer electronics.

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Samsung and Apple account for 58% of the global tablet market