Public coverage groups have more and more crucial roles in corporations’ efforts to steadiness regulatory points as the federal government has boosted home electronics manufacturing whereas backing more durable laws on tech companies.
Binu George, who checked out company affairs and technique, Surabhi Pant who labored on coverage and public affairs, and Nikhil Kaura from the identical crew give up final week, two sources stated.
They had been a part of a seven-member crew headed by Rajiv Aggarwal, a former bureaucrat who, earlier than becoming a member of Samsung in December, led public coverage at Meta and Uber in India.
The three executives didn’t reply to a request for remark. Samsung declined to remark.
The causes for the departures weren’t instantly clear, however they arrive at a time when Samsung is dealing with challenges in a key progress market, the place it just lately raced forward of rival Xiaomi to turn out to be the most important smartphone participant.
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However, laws that might have an effect on the smartphone sector embody India’s plans to order elimination of pre-installed apps beneath proposed new safety guidelines and a drive to get companies to make gadgets suitable with a home-grown navigation system that rivals the US Global Positioning System (GPS). Samsung racked up gross sales of $10.3 billion in India in fiscal 2021-22, with smartphones making up $6.7 billion. Data from Counterpoint Research exhibits its market share of 20% for the final quarter of 2022 made it the most important participant.
Source: economictimes.indiatimes.com