Samsung opens world's largest phone factory in India

Samsung makes world's largest mobile factory in Noida

The South Korean smartphone maker already has a facility in Noida, and with the new manufacturing plant, it aims to double the current capacity of mobile production from 68 million units yearly, to 120 million units in a year.

The South Korean President along with Prime Minister Modi will visit the Gandhi Smriti on Monday.

Samsung has two manufacturing plants - in Noida and in Sriperumbudur, Tamil Nadu - five R&D centres, and one design centre in Noida, employing over 70,000 people and expanding its network to over 1.5 lakh retail outlets. The company started producing refrigerators at the plant in 2003 while mobile phone production started in 2007.

Inaugurating the new facility, spread over 129,000 sq metres at Sector 81, Modi said Samsung will export 30 per cent of the handsets made at the factory to other markets.

The Prime Minister noted that India now ranks second, globally, in the manufacture of mobile phones, with the number of mobile phone manufacturing factories rising from just 2, to 120, in about four years' time.

He said the plant and what it represents for the two countries will go down in the history of bilateral relations of India and Korea.

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The company now has over 10 per cent of its overall production in India and aims to take it to 50 per cent over the next three years.

"Today is an important day in making India a global hub of manufacturing", he said, adding that the investments in such factories are a cornerstone of India's economic and commercial engagements with countries like South Korea. 35,000 new jobs would be generated due to this new factory. "We "Make in India", "Make for India" and now, we will "Make for the World", said HC Hong, Chief Executive Officer, Samsung India.

Established in 1995, Samsung India laid the foundation stone of Noida plant next year.

Samsung has set-up this factory to tap into the lucrative and fast growing smartphone market in India.

Moon said South Korea wished to participate in the Indian infrastructural projects, including the government's plan to build 100 smart cities and construct an industrial corridor linking the major cities. Today, Samsung is the market leader across mobile segments. India is a big opportunity across price segments, including 2G feature phones.

While Modi's flagship "Make in India" campaign is still a long way from delivering on ambitious job promises, the program has had some success with the phased manufacturing of mobile devices and components. "This will [also] help the ecosystem and auxiliary industries grow as they will have demand to be met", he added.

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