Samsung opens world's largest phone factory in India

Narendra Modi

Narendra Modi

The Prime Minister, Shri Narendra Modi, and the President of the Republic of Korea, Mr. Moon Jae-in, today jointly inaugurated a large mobile manufacturing facility of Samsung India Electronics Pvt.

Underlining that the new facility will boost the Centre's Make in India initiative, he said, "The development of this factory will help in speeding the Make of India which is not just part of our economic policy but also a promise of good relations with countries like South Korea".

Samsung has Invested close to 5,000 Crore Rupees in this plant and aims to Manufacture 12 Crore Mobile Handsets annually which will result is massive job creation.

South Korea will also help finance major infrastructure projects in India and the 10 Asean countries. It will be officially inaugrated today by India's Prime Minister Narendra Modi and South Korean President Moon. The present mobile phone manufacturing unit was added in 2005. 35,000 new jobs would be generated due to this new factory.

Moon will hold talks with Modi on Tuesday during his four-day visit, which India expects would open new avenues for expanding the bilateral partnership, particularly in the economic domain. Samsung also has a manufacturing unit in Sriperumbudur, Tamil Nadu as well.

The plant will make up to 120 million phones a year - up from 67 million - and potentially include other electronic appliances like refrigerators and flat panel televisions down the line.

"We invite trusted global brands like Samsung to be a part of the new Indian business culture", Modi said.

"In the last four years, the number of mobile phone manufacturing facilities has gone up from 2 to 120 and 50 such factories are in Noida".

In June last year, the South Korean giant announced a Rs 4,915 crore investment to expand the Noida plant and, after a year, the new facility is ready to double production. Thereafter, they will also visit a Samsung plant in Noida, Uttar Pradesh.

Currently, Samsung manufactures over 60 million smartphones annually in India and with the new plant, it is expected to manufacture almost 120 million mobile phones. Samsung has a distinct space in India. Another picture tweeted by the PMO showed them at the Yamuna Bank metro station.

This is Moon's first-ever state visit to India after he took over as the President a year ago. Out of a population of 1.3 billion, India has now only 425 million smartphone users.

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