Kolkata: Electronics behemoth Samsung has lined up fresh investment of around Rs 2,500 crore to turn its India operations into a hub for components business, two senior industry executives said. The investments could be ramped up further, they added.The Korean company has set up two new component manufacturing entities in India - Samsung Display Co and Samsung SDI India - for production of mobile phone display and batteries, respectively.Separately, Samsung venture capital arm — Samsung Venture Investment Corp — has set up operations in India to fund startups in electronics hardware or software businesses. The component companies will supply products to both Samsung India and other smartphone vendors who currently source components from Samsung’s overseas operations. Samsung sees a big opportunity for component business considering the government’s thrust on ‘Make in India’ where tax on imported mobile phone components and consumer electronics is going up, the executives said.Samsung is also pitching to the government for export incentives so that it can even export components from India. Samsung Display has already signed a memorandum of understanding with the Uttar Pradesh government for a Rs 1,500-crore plant for manufacturing phone display to be operational by next year April. The plant will come up in Noida, the executives said.Samsung SDI India, too, has plans to set up a manufacturing unit in India for lithium-ion batteries after the company was floated last month, as per its regulatory filings with the Registrar of Companies (RoC) accessed from business intelligence platform Veratech Intelligence.According to the executives, Samsung SDI has plans to invest another Rs 900-1,000 crore and will finalise the plans after consultation with the Centre post general elections. These investments come after it inaugurated the world’s largest mobile phone manufacturing unit in India last year at a total outlay of Rs 4,915 crore. It is expected to be completed in 2020.“Samsung’s investments on component manufacturing in India will eventually overtake that of the finished product, since these are capital intensive projects and more Samsung component entities are keen on making in India,” said one of the executive. He said the interest is after government indicated that it will tax mobile phone, television and appliance components imported into the country.A Samsung Display Corporation spokesperson said the company is looking at various possibilities to secure competitiveness and create market demand in the Indian market, but nothing has been decided specifically till now.A Samsung Venture spokesperson said the company is keen to leverage startup ecosystem to expedite and enhance product development as well as service offering.A Samsung SDI spokesperson confirmed the plans but said investment details and production capacity were still not decided. A Samsung India spokesperson said the company cannot comment on any future plans, but will continue to seek opportunities to grow operations.