Samsung opens world's largest smartphone manufacturing facility in India

Samsung opens world's largest smartphone manufacturing facility in India

Samsung opens world's largest smartphone manufacturing facility in India

Samsung India says it would double its annual mobile production capacity to 120 million units from 68 million now by 2020.

The country's Prime Minister Narendra Modi and South Korean President Moon Jae-in will visit the site later today to officially inaugurate Samsung's biggest mobile factory. It is on the set of a former plant that used to make refrigerators and TVs, with smartphones joining the production line in 2007.

Called as Samsung Electronics facility, this massive plant is spread over 35 acres of land in Noida Sector 81 area.

"It's a move that'll obviously play well for Samsung but it also gives a much-needed shot in the arm to India's mobile manufacturing ecosystem as it will push rivals to consider expanding local production", said Navkendar Singh, Associate Research Director at International Data Corporation.

Samsung Electronics has opened what it is calling the world's largest mobile phone manufacturing facility.

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. Modi categorically said that the new plant will help firming up India's position in global market. India has around 40 crore smartphone users and almost 32 crore people use broadband. The plant started with the manufacture of televisions way back in 1997, and mobile phone manufacturing unit was added in 2005.

"India is witnessing dynamic development", Moon said, adding that his country would contribute actively to the "Make in India" policy aimed at boosting Indian manufacturing.

Past year in June, the consumer electronics major had announced that it would invest Rs 4,915 crore to double its manufacturing capacity for smartphones and refrigerators at its Noida plant. IDC researchers pointed out that this means India has the fastest growing smartphone market among the top 20 smartphone markets globally.

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Earlier, South Korean President Moon, who is on a three-day visit to India, addressed at the India-Korea business forum and visited Gandhi Smriti with Prime Minister Modi.

"Unlike some other countries in the world which like Korean money but not Koreans, we like Koreans more than Korean money", Prabhu said in an apparent reference to uneasy relations between South Korea and some of its immediate neighbours.

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