World’s Largest Smartphone Factory Opened In India
World’s Largest Smartphone Factory Opened In India: Samsung opened the world’s largest smartphone factory in India, a move Prime Minister Narendra Modi said would help transform Asia’s third-largest economy into a global manufacturing hub.
Modi and South Korean President Moon Jae-in inaugurated the giant assembling plant an expansion of an existing Samsung facility in the city of Noida on the outskirts of New Delhi.
“The Noida plant has now become Samsung’s largest smartphone manufacturing unit,” Moon said, as the company announced that it planned to eventually manufacture 120 million smartphones a year at the factory.
The decision by Samsung comes at a critical time for the South Korean electronics giant, which is facing a tough battle from Chinese competitors for the control of India’s massive smartphone market.
It is also a shot in the arm for Modi’s flagship “Make in India” campaign which is trying to attract foreign investment and drum up much-needed jobs in manufacturing.
Modi said the new factory would generate jobs in Uttar Pradesh, an impoverished state of roughly 220 million where his Bharatiya Janata Party won a crucial election last year.
“This is an important step towards making India a manufacturing hub,” the prime minister said of the USD$750 million factory investment.
“It is a matter of pride for India and Uttar Pradesh.” President Moon will be formally received by India’s President Ram Nath Kovind on Tuesday before holding talks with Modi in the Indian capital.
Samsung has announced that it will be expanding one of its mobile phone factories in India, at the same time launching its “Make for the World” project to export Indian-made smartphones to foreign markets.
According to Samsung, its mobile phone factory will be the largest in the world, allowing for 120 million devices per year to be produced out of its Noida, Uttar Pradesh, facility — which currently produces 68 million units each year.
The expansion of its existing Noida plant will be complete by 2020, with Samsung having announced a 4,915 crore rupees investment back in 2017 as part of the Uttar Pradesh government’s Mega Policy.
For More Information & Videos Subscribe To Our YouTube Channel