Samsung launches world’s largest mobile phone factory in India

Angelica Greene
July 9, 2018

# 09:15 AM: Day two itinerary of Moon Jae-in: On day two of his India visit, the South Korean president will meet External Affairs Minister Sushma Swaraj at the hotel the Oberoi at around 10 AM.

At the launch PM Modi said, "India has 40 crore smartphones and around 32 crore people use broadband".

"Our Noida factory, the world's largest mobile factory, is a symbol of Samsung's strong commitment to India, and a shining example of the success of the Government's "Make in India" program", Samsung India CEO HC Hong said in a release tied to the news. The current mobile phone manufacturing unit was added in 2005.

Past year in June, Samsung has announced a massive Rs 4,915 crore investment to expand the Noida plant.

Samsung has two manufacturing plants in India, located in Noida and in Sriperumbudur, Tamil Nadu. After smartphones, they can go into building top-of-the-line products in other categories like TVs, refrigerators as advance manufacturing in India still lags behind.

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India's smartphone market grew 14 per cent with total shipments of 124 million units in 2017, the fastest pace of growth among the top 20 markets, according to International Data Corp.

In 2012, Samsung became the leader in mobile phones in the country and the Noida facility rolled out the first-ever "Galaxy S3" device.

Following this, Prime Minister Modi will then hold official talks with President Moon at Hyderabad House, which will be followed by an official lunch. Expansion, which will be fully complete in 2020, is expected to almost double Noida (New Okhla Industrial Development Authority), India's current phone producing capabilities from 68- to 120 million phones per year. At 4 PM, Moon will visit Gandhi Smriti at 5, Tees January Lane.

Haryana's famous wrestler family, the Phogats, on whose story Aamir Khan starrer Bollywood film "Dangal" is based, have been invited for a meeting in New Delhi with South Korean first lady Kim Jung-sook, who had watched the movie back home with a group of Indian students.

Earlier, while addressing an India-Korea Business Forum, the South Korean President pointed out that improving economic relations with India was a key element of his country's new "Southern policy".

Other reports by GizPress

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