Published: Tue, July 10, 2018
Hi-Tech | By Wayne Curry

World's largest mobile phone factory set to open in India

World's largest mobile phone factory set to open in India

Prime Minister Narendra Modi and South Korean President, Moon Jae-in, jointly inaugurated Samsung's 35-acre plant in Noida today.

"I am committed to raise relations with India to the level of those with our four major powers around the Korean peninsula", Moon said, adding that this commitment was embodied in his new southern policy outlined a year ago. The investment of Rs 5,000 crore by Samsung will strengthen India-South Korea relations,"PM Modi said". South Korean President Moon Jae-in will also grace the event alongside the Prime Minister.

The facility will also double Samsung's capacity in India from 68 million units per year to 120 million units annually.

"The new facility with give direct jobs to 1,000 people, taking the existing workforce at this plant to 6,000".

Trade minister Suresh Prabhu invited Korean investment in areas such as manufacturing, services, agriculture and food processing, stating that India was looking at setting up a special economic zone for Korean companies alone.

Speaking on the occasion, the Prime Minister said the new manufacturing unit is a step towards making India a manufacturing hub.

The company now makes around 67 million smartphones in India and with the new unit being functional the production is expected to increase to almost 120 million mobile phones. He added the Samsung unit will export its products globally.

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Chinese smartphone maker Xiaomi said in April it will set up three more factories in India. Samsung has a distinct space in India.

Modi said Samsung acquired an important position in the daily lives of the people of India.

Samsung India chief executive officer HC Hong said that the Noida factory, the world's largest mobile factory, is a symbol of Samsung's strong commitment to India.

Samsung is expected to unveil the Galaxy Note 9 in Brooklyn, New York, on August 9 and is teaming up with ARM to work on a mobile chipset that will run at speeds above 3GHz.

Announcing the investment a year ago, the South Korean giant said that it would position the Noida plant as a major production hub and create about 5,000 new jobs. In photos tweeted by PM Modi, the two leaders were seen chatting on the metro, the Akshardham temple visible in the window behind them.

"I feel proud as an Indian today".

For delivering the customer's demand, Samsung now rolls out around 5 million units of smartphones which is going to be catapulted to 12 million a month.

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